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Western Gas Partners closes $750M senior notes offering

Western Gas Partners LP completed an offering of its senior notes totaling $750 million to repay its maturing notes, according to an Aug. 9 SEC filing.

The offering consisted of $400 million of the partnership's 4.75% senior notes due 2028 and $350 million of its 5.50% senior notes due 2048, offered at 99.818% and 98.912% of their face value, respectively. Western Gas Partners intends to use proceeds from the offering to repay its maturing 2.60% senior notes due 2018, pay down revolver debt, and for general partnership purposes such as CapEx.

Wells Fargo Securities LLC, PNC Capital Markets LLC, RBC Capital Markets LLC and U.S. Bancorp Investments Inc. acted as joint book-running managers for the offering.