Western Gas Partners Prices Offering of 3.55M Units at $35.15

Western Gas Partners, LP WES today announced that it has priced its public offering of 3,550,000 common units representing limited partner interests. Western Gas Partners has granted the underwriters a 30-day option to purchase up to 532,500 additional common units. The common units were offered to the public at $35.15 per unit. The offering is expected to settle and close on March 4, 2011, subject to customary closing conditions. Net proceeds from the offering are expected to be used to repay amounts outstanding under the partnership's $450 million revolving credit facility.