Western Midstream Prices $1.2 Billion Senior Notes Offering

Western Midstream Partners, LP (WES) — through its subsidiary Western Midstream Operating, LP — has priced a new notes offering totaling $1.2 billion. The deal comprises $600 million of 4.800% senior notes due 2031 (priced at 99.993% of face value) and $600 million of 5.500% senior notes due 2035 (priced at 99.405% of face value). The offering is expected to close on December 4, 2025, pending customary closing conditions. Net proceeds will be used to: refinance WES Operating’s existing 4.650% senior notes maturing in 2026; repay amounts outstanding under its commercial‑paper program (including borrowings used to fund the acquisition of Aris Water Solutions, Inc.); and support general partnership purposes — including capital expenditures. The offering is managed by a syndicate of joint book‑running managers: Wells Fargo Securities, LLC, Deutsche Bank Securities Inc., Mizuho Securities USA LLC and SMBC Nikko Securities America, Inc.. #WesternMidstream #DebtOffering #EnergySector #CorporateFinance #SlimScan #GrowthStocks #CANSLIM