Western Gas Equity Partners Announces Pricing of Common Unit Offering by Subsidiary of Anadarko HOUSTON, TX -- (Marketwired) -- 07/01/14 -- Western Gas Equity Partners, LP (NYSE: WGP) (the "Partnership") today announced that Western Gas Resources, Inc. ("Western Gas Resources"), a subsidiary of Anadarko Petroleum Corporation, priced a previously announced underwritten offering of 5,000,000 common units representing limited partner interests. The common units were offered to the public at $60.19 per unit. Western Gas Resources will receive all of the net proceeds from such offering. Western Gas Resources has granted the underwriters a 30-day option to purchase up to 750,000 additional common units. The offering is expected to settle and close on July 7, 2014, subject to customary closing conditions. Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Goldman, Sachs & Co., Morgan Stanley & Co. LLC, Barclays Capital Inc., UBS Securities LLC, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc. and RBC Capital Markets, LLC are acting as joint book-running managers of the offering. The offering will be made by Western Gas Resources only by means of a prospectus and related prospectus supplement, copies of which may be obtained from Wells Fargo Securities, 375 Park Avenue, New York, New York 10152, Attention: Equity Syndicate Department, or by calling (800) 326-5897, or by emailing firstname.lastname@example.org; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling (800) 831-9146, or by emailing at email@example.com; Goldman, Sachs & Co., 200 West Street, New York, New York 10282, Attention: Prospectus Department, or by calling (866) 471-2526 or by emailing firstname.lastname@example.org; Morgan Stanley, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department; Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by calling (888) 603-5847, or by emailing Barclaysprospectus@broadridge.com; UBS Investment Bank, 299 Park Avenue, New York, New York 10171, Attn: Prospectus Department or by calling (888) 827-7275; Credit Suisse, One Madison Avenue, New York, NY 10010, Attention: Prospectus Department, or by calling (800) 221-1037, or by emailing email@example.com; Deutsche Bank Securities, Attn: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, or by calling (800) 503-4611, or by emailing prospectus.CPDG@db.com; and RBC Capital Markets, 3 World Financial Center, 200 Vesey Street, 8th Floor, New York, New York 10281, Attention: Equity Syndicate, or by calling (877) 822-4089. An electronic copy of the prospectus and prospectus supplement is available from the U.S. Securities and Exchange Commission's website at http://www.sec.gov. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The offer is being made only through the prospectus as supplemented, which is part of a shelf registration statement that became effective on January 15, 2014. This news release contains forward-looking statements. Western Gas Equity Partners and its general partner believe that their expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release, including risks and uncertainties associated with market conditions and the satisfaction of customary closing conditions related to the offering. See "Risk Factors" in Western Gas Equity Partners' Annual Report on Form 10-K for the year ended December 31, 2013 and other public filings and press releases. Western Gas Equity Partners undertakes no obligation to publicly update or revise any forward-looking statements. Western Gas Equity Partners, LP Contact Benjamin Fink, CFA SVP, Chief Financial Officer and Treasurer firstname.lastname@example.org 832.636.6010
Western Gas Equity Partners Announces Pricing of Common Unit Offering by Subsidiary of Anadarko
Press spacebar to pause and continue. Press esc to stop.