Western Gas Partners Prices Public Offering of 4M Common Units

Western Gas Partners, LP WES today announced that it has priced its public offering of 4M common units representing limited partner interests. Western Gas Partners has granted the underwriters a 30-day option to purchase up to 600,000 additional common units. The common units were offered to the public at $22.25 per unit. The offering is expected to settle and close on May 18, 2010, 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. UBS Investment Bank UBS, Citi C,and Morgan Stanley MS are acting as joint book-running managers for the offering.