Western Gas Partners Announces Public Offering of 7,500,000

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Western Gas Partners Announces Public Offering of 7,500,000 Common Units

HOUSTON, TX--(Marketwired - Oct 29, 2014) - Western Gas Partners, LP ( NYSE : WES ) today announced a registered underwritten public offering of 7,500,000 common units representing limited partner interests. Western Gas Partners (the "Partnership") will grant the underwriters a 30-day option to purchase up to 1,125,000 additional common units. The Partnership expects to use the net proceeds from the offering, including any net proceeds received from an exercise of the underwriters' option to purchase additional common units, to fund a portion of the cash purchase price of its pending Nuevo Midstream, LLC acquisition.

The closing of the Nuevo acquisition is not conditioned on the closing of the common units offering, and the common units offering is not conditioned on the Nuevo acquisition closing. If the Nuevo acquisition is not consummated for any reason, the Partnership intends to use the net proceeds from the offering for general partnership purposes, including the repayment of borrowings under its revolving credit facility.

UBS Investment Bank, Morgan Stanley, Wells Fargo Securities, Barclays, BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, RBC Capital Markets, Credit Suisse and Goldman, Sachs & Co. are acting as joint book-running managers for the offering. The offering will be made only by means of a prospectus and related prospectus supplement, copies of which may be obtained from UBS Investment Bank, 299 Park Avenue, New York, New York 10171, Attn: Prospectus Department or by calling (888) 827-7275; Morgan Stanley, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department; Wells Fargo Securities, 375 Park Avenue, New York, New York 10152, Attention: Equity Syndicate Department, or by calling (800) 326-5897, or by emailing cmclientsupport@wellsfargo.com ; Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by calling (888) 603-5847, or by emailing Barclaysprospectus@broadridge.com ; BofA Merrill Lynch, 222 Broadway, New York, New York 10038, Attn: Prospectus Department, or by emailing dg.prospectus_requests@baml.com ; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling (800) 831-9146, or by emailing at prospectus@citi.com ; Deutsche Bank Securities, Attn: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, or by calling (800) 503-4611, or by emailing prospectus.CPDG@db.com ; RBC Capital Markets, 3 World Financial Center, 200 Vesey Street, 8th Floor, New York, New York 10281, Attention: Equity Syndicate, or by calling (877) 822-4089; Credit Suisse, One Madison Avenue, New York, NY 10010, Attention: Prospectus Department, or by calling (800) 221-1037, or by emailing newyork.prospectus@credit-suisse.com ; or Goldman, Sachs & Co., 200 West Street, New York, New York 10282, Attention: Prospectus Department, or by calling (201) 793-5170 or by emailing prospectus-ny@ny.email.gs.com . An electronic copy of the prospectus and prospectus supplement is available from the U.S. Securities and Exchange Commission's website at http://www.sec.gov .

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The offer is being made only through the prospectus as supplemented, which is part of a shelf registration statement that became effective on February 7, 2014.

This news release contains forward-looking statements. Western Gas Partners and its general partner believe that their expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release, including Western Gas Partners' ability to close successfully on the common units offering and to use the net proceeds as indicated in this news release. See "Risk Factors" in Western Gas Partners' Annual Report on Form 10-K for the year ended December 31, 2013, as updated by our Form 8-K filed on August 27, 2014, Quarterly Report on Form 10-Q for the quarter ended September 30, 2014 and other public filings and press releases. Except as required by law, Western Gas Partners undertakes no obligation to publicly update or revise any forward-looking statements.

Western Gas Partners, LP Benjamin Fink, CFA SVP, Chief Financial Officer and Treasurer 832.636.6010 Email Contact

Scroll down for more posts ▼

Top 10 Most Recent News Articles

The Melt Expands with Key Texas Franchise Deal

Updated Category News Views 119

Throwing Down the Gauntlet: The Melt Expands If there's one thing I've learned after decades watching these restaurant chains multiply like rabbits it’s this: when a veteran gets involved, you perk up. The Melt has done just that by roping in Syed Ahmad—a name that actually means something in this game—to open eight new locations in the Lone Star State. It isn't...

Continue Reading
Nonprofit and Partners Gift Homes to Veterans

Updated Category News Views 69

A Heartfelt Gesture on Veterans Day Now this is the kind of story that gets you right in the gut. On November 9, two veterans, who were likely walking into a golf club thinking it was just another evening, were handed the keys to a future they might have only dreamt of: a mortgage-free home. Operation Finally Home, backed by the big names like Lennar and the patriotic...

Continue Reading
AI Deception Challenges the Confidence of Fraud Defenses

Updated Category News Views 145

Fraud Week Spotlights AI Deception Alright, here's the rub: we're in Fraud Week 2026, and boy, is AI shaking the foundations of yesterday's fraud defenses! With all this AI talk, you would expect systems to be near invincible by now. But reality? A different beast altogether. AI has this knack of tripling up the complexity while pretending to solve it, making traditional...

Continue Reading
Wiz Khalifa Ignites MJBizCon 2026 with Keynote and Music

Updated Category News Views 161

An Icon in Cannabis Culture Hits the Stage When you mix business with pleasure, you get something like what MJBizCon's cooking up this year. Wiz Khalifa, the man with a knack for turning passion into profit, is jumping onto the stage—not just as a performer, but also as a keynote speaker. On December 2, attendees are in for a treat as he steps into a new spotlight at...

Continue Reading
Choosing the Right Pressure-Treated Lumber for Projects

Updated Category News Views 124

Diving into the World of Pressure-Treated Lumber John Michael Nixa, the go-to expert from West Side Lumber, has dropped some real nuggets in the world of pressure-treated lumber. This isn't some clickbait headline; it's about making sure your deck or fence doesn't fall apart after the first thunderstorm. Understanding the Lumber Treatment Now, before you run off to the...

Continue Reading
Honoring Boston's Architects Changing the Game

Updated Category News Views 60

Celebrating Architecture's Influencers in Boston Every now and then, a profession needs a wake-up call. Stirring the pot, shaking the roots, call it what you will, but when folks rally together with a shared vision, change doesn't just seem possible — it's inevitable. On November 12, the Boston Society of Architects (BSA) and Architecture in Common (AiC) did just that...

Continue Reading
Pine AI Unveils AI Studio & Real-World Call Feature

Updated Category News Views 208

Push Your Expectations: Pine AI Takes the Stage Here's a twist in tech worth a double take. Pine AI is shaking up the AI world with a brash blend of video genius and actual chat capabilities. Somehow, merely weeks after setting the tech scene ablaze with its AI-focused computer, it's already rolling out new applications faster than hotcakes on a skillet. But let’s chew...

Continue Reading
HiTHIUM Joins Cambridge to Boost Global Energy Storage

Updated Category News Views 183

HiTHIUM and Cambridge's New Energy Venture There's a big splash coming out of Xiamen, folks. HiTHIUM, a heavyweight in the energy storage sector, has decided to team up with the University of Cambridge. They inked a deal aiming to bridge the academic ivory tower with industrial grit, focusing on long-duration energy storage. It was all sealed during the Global Energy...

Continue Reading
Anderson University Sees Financial Turnaround Success

Updated Category News Views 177

Anderson University, against all odds, is shaking up the financial narrative they’ve been stuck in for a while. It’s kind of like finding a $20 bill in an old coat—a nice surprise but it doesn’t happen every day. The university’s recent report on their financial progress is reminding folks that when it comes to fiscal discipline, sometimes you just need fresh...

Continue Reading
Fluence Energy Faces Class Action: Investor Insights

Updated Category News Views 136

Investor Blues: Fluence Under the Weather If you've been keeping an eye on Fluence Energy (NASDAQ:FLNC), you're probably clutching your metaphorical pearls right now. Here's the scoop: on November 2, 2026, the stock took another nosedive—dropping nearly 9%—as the company announced that both CEO Julian Nebreda and CFO Ahmad Pasha had packed their bags. A leadership...

Continue Reading

Top 5 Most Recently Viewed Articles

Sigenergy's Innovative Solar-Storage Solution Fuels Aquaculture

Updated Category News Views 133

Sigenergy Brings Sustainable Solutions to Aquaculture Sigenergy, a leader in energy innovations, recently captivated the audience at a prestigious event focused on the future of solar-storage integration in aquaculture. With over 300 industry professionals in attendance, Sigenergy introduced its groundbreaking commercial and industrial (C&I) solar-storage solution, which...

Continue Reading
Cloudflare's Network Outage Causes Stock Reaction: What You Need to Know

Updated Category News Views 277

Cloudflare Faces Significant Setback Amid Major Outage Recently, a substantial global outage impacted the digital services provided by Cloudflare Inc (NYSE: NET), leading to widespread disruptions across the internet. This incident unfolded dramatically, resulting in the unavailability of essential services for users around the globe, including popular platforms such as...

Continue Reading
IQSTEL and Cycurion Enhance Partnership with Share Distribution

Updated Category News Views 196

Strengthening Strategic Alliances in Technology The partnership between IQSTEL Inc. (NASDAQ: IQST) and Cycurion Inc. (NASDAQ: CYCU) is evolving as both companies reinforce their commitment to long-term collaborative efforts. In an exciting announcement, they have opted to maintain their full $1,000,000 worth of cross-holdings while implementing a one-time, pro-rata share...

Continue Reading
TeraWulf Welcomes John Larkin As New Investor Relations Director

Updated Category News Views 219

TeraWulf Announces New Leadership in Investor Relations TeraWulf Inc. (NASDAQ: WULF), a pioneering company in the realm of environmentally sustainable digital infrastructure, is excited to announce the appointment of John Larkin as its new Senior Vice President and Director of Investor Relations. This new role reflects TeraWulf's commitment to enhancing its financial...

Continue Reading
Eli Lilly Faces Competitive Pricing Challenges in the Market

Updated Category News Views 277

Understanding Eli Lilly's Current Market Challenges The recent announcement regarding a substantial price reduction of 71% on Novo Nordisk’s Ozempic and Wegovy medications could represent a pivotal shift in the pharmaceutical landscape. This drastic cut aims to benefit Medicare patients and may create new dynamics that directly affect Eli Lilly (NYSE: LLY) as they...

Continue Reading