Western Gas Equity Partners, LP today announced that it has commenced an initial public offering of 15,000,000 common units representing limited partner interests pursuant to a registration statement on Form S-1 previously filed with the Securities and Exchange Commission (the “SEC”). Western Gas Equity Partners expects to grant the underwriters a 30-day option to purchase up to an additional 2,250,000 common units. The common units will be listed on the New York Stock Exchange and traded under the symbol “WGP.”
Western Gas Equity Partners is a Delaware master limited partnership formed to own three types of partnership interests in Western Gas Partners, LP (NYSE: WES), a publicly traded limited partnership (“WES”). WES is a growth-oriented Delaware master limited partnership organized by Anadarko Petroleum Corporation (NYSE: APC) to own, operate, acquire and develop midstream energy assets. Western Gas Equity Partners’ only cash-generating assets consist of partnership interests in WES.
Barclays, Citigroup, Deutsche Bank Securities and Morgan Stanley are acting as joint book-running managers for the offering. The offering will be made only by means of a prospectus, copies of which may be obtained from:
|c/o Broadridge Financial Solutions||c/o Broadridge Financial Solutions|
|1155 Long Island Ave.||1155 Long Island Ave.|
|Edgewood, NY 11717||Edgewood, NY 11717|
|Toll-Free: (888) 603-5847||Toll-Free: (800) 831-9146|
|Deutsche Bank Securities||Morgan Stanley|
|60 Wall Street||Attention: Prospectus Department|
|New York, NY 10005-2836||
180 Varick Street, 2 nd Floor
|Attention: Prospectus Group||New York, NY 10014|
|Toll-Free: (800) 503-4611||Toll-Free: (866) 718-1649|
When available, an electronic copy of the prospectus may be obtained from the SEC’s website at www.sec.gov.A registration statement relating to these securities has been filed with the SEC, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any 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.