HOUSTON, March 22, 2021 / PRNewswire / – Western Midstream Partners, LP (NYSE: WES) (“WES”) today announced the prices of its previously announced high school subscription public offering of 10,000,000 common units representing partner interests limited in WES (“Common Units”) affiliated with Occidental Petroleum Corporation (the “Selling Unitholder”), for a total output of $ 173.5 million. The offer was increased from a previously announced offer of 8,000,000 Standard Units. The offer is expected to close March 25, 2021, subject to normal closing conditions.
The Selling Unitholder has allowed BofA Securities, as the subscriber, a 30-day option to purchase up to 1,500,000 additional Common Units from the public Selling Unitholder offering a reduced price of discounts and sub-commissions. writing. WES does not sell any General Units in the offer and will not receive any money from the sale of General Units in the offer.
BofA Securities acts as the sole bookkeeping manager for the offer. The offer is made only through the extension of the guide and the accompanying coin preview, which is part of a shelf registration statement that has become effective. 14 December 2016, copies are available from BofA Securities at NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attn: Share the brochure or by email [email protected]. An electronic copy of the guidebook and the accompanying coin preview are available from the U.S. Securities and Exchange Commission website at www.sec.gov.
This press release shall not constitute an offer to sell or bid to purchase, and no sale of such securities shall be made in any state or jurisdiction in which such offer, bid or sale would be made. illegal before registering or the certificate. under the laws of state securities or such jurisdiction.
FINALLY MIDSTREAM WEST
Western Midstream Partners, LP (“WES”) a Delaware a limited core partnership formed to acquire, own, develop and operate midstream assets. With mid-stream assets located in the Rocky Mountains, mid-north Pennsylvania, Texas and New Mexico, WES is involved in the collection, compression, handling, processing, and transportation of natural gas; collecting, stabilizing, and transporting condensate, natural gas liquids, and crude oil; and collecting and disposing of water made for customers. In addition, in its capacity as a natural gas processor, WES also buys and sells natural gas, natural gas liquids, and concentrates on its own behalf and as an agent for the customers under some of its his contracts.
This press release contains positive statements. WES and its general partner believe that their expectations are based on reasonable assumptions. No guarantee can be given, however, that these expectations will be correct. A number of factors could cause actual results to differ materially from the forecasts, expected results or other expectations expressed in this press release, including the Selling capability Unitholder successfully closed the offer. See “risk factors” in the WES Annual Report on Form 10-K for the year ended 31 December 2020 and other public films and press releases. However, as required by law, WES does not assume the obligation to update or publicly review forward-looking statements.
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WESTERN MIDSTREAM INFORMATION
Kristen S. Shults
Vice President, Investor Relations and Communications
[email protected]
832.636.6000
Abby Dempsey
Investment Relations Supervisor
[email protected]
832.636.6000
SOURCE Western Partners, LP
Related Links
http://www.westernmidstream.com