Western Gas (WES) Prices 6M Common Unit Offering at $18.20/Unit

Western Gas Partners, LP (NYSE: WES) today announced that it has priced its public offering of 6,000,000 common units representing limited partner interests. Western Gas Partners has granted the underwriters a 30-day option to purchase up to 900,000 additional common units. The common units were offered to the public at $18.20 per unit. The offering is expected to settle and close on December 9, 2009, subject to customary closing conditions. Net proceeds from the offering are expected to be used to repay amounts outstanding under the partnership's $350 million revolving credit facility. Any remaining net proceeds will be used for general partnership purposes, including capital expenditures and acquisitions.

Barclays Capital, BofA Merrill Lynch, Goldman, Sachs & Co. and Wells Fargo Securities are acting as joint book-running managers for the offering.