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Article: Western Gas Partners, LP Closes $350 Million Revolving Credit Facility.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Western Gas Partners, LP (NYSE: WES) announced that it has entered into a $350 million, three-year unsecured revolving credit facility with a group of lenders.
"This new facility provides us with greater financial flexibility to execute our strategy at an attractive cost of capital," said Benjamin M. Fink, Senior Vice President and Chief Financial Officer. "We are very pleased with the breadth and quality of the financial institutions participating in the facility, and we appreciate their support."
The facility will be used to refinance certain existing debt, for capital expenditures, potential asset acquisitions, and other general corporate purposes. ...