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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Oct. 31, 2:46 AM

Slide #4. Western Gas Partners, LP Secondary Offering

Company: Western Gas Partners, LP (NYSE:WES)
Date announced: 10/29/2014
Shares Offered: 7,500,000
Date of Pricing: 10/30/2014
Price Per Share: $70.85
Secondary Offering Details: 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. - updated 10/30 - Western Gas Partners, LP (NYSE: WES) today announced that it has priced its public offering of 7,500,000 common units representing limited partner interests. Western Gas Partners (the "Partnership") has granted the underwriters a 30-day option to purchase up to 1,125,000 additional common units. The common units were offered to the public at $70.85 per unit. The offering is expected to settle and close on November 4, 2014, subject to customary closing conditions. The Partnership expects to use the net proceeds from the offering, including any net proceeds received from the 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.

Western Gas Partners is engaged in gathering, processing, compressing, treating and transporting natural gas, condensate, natural gas liquids (NGL) and crude oil for Anadarko Petroleum Corporation and its subsidiaries, as well as third-party producers and customers. As of Dec 31 2013, Co.'s assets, which it owned and operated, consisted of 13 natural gas gathering systems, eight natural gas treating facilities, eight natural gas processing facilities, three NGL pipelines, and three natural gas pipelines. Also, Co. has operated interests in one natural gas gathering system and three natural gas processing facilities, and also non-operated interests in five natural gas gathering systems.
Open the WES Page at The Online Investor »

Company Name:  Western Gas Partners LP
Website:  www.westerngas.com
Sector:  Oil & Gas Equipment & Services
Number of ETFs Holding WES:  5
Total Market Value Held by ETFs:  $7.41M
Total Market Capitalization:  $8.81B
% of Market Cap. Held by ETFs:  0.08%
 

Open the WES Page at The Online Investor (in a new window) »

October 31, 2014    2:46 AM Eastern
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Strong Buy (3.50 out of 4)
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