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Western Midstream subsidiary draws down $1B in credit to pay revolver debt

Western Midstream Partners LP subsidiary Western Midstream Operating LP withdrew $1.0 billion from its credit agreement to repay borrowings under its $2.0 billion revolving credit facility.

Western Midstream Operating has no remaining borrowing capacity under the credit agreement, which was amended July 1, according to a Sept. 17 SEC filing.

Western Midstream Partners is a master limited partnership formed by Anadarko Petroleum Corp. with midstream assets located in Texas and New Mexico, among others.