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    Western Midstream Partners LP filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation

    4/9/25 4:22:22 PM ET
    $WES
    Natural Gas Distribution
    Utilities
    Get the next $WES alert in real time by email
    wes-20250407
    0001423902false00014239022025-04-072025-04-07

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549
     
    FORM 8-K
     
    CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
    OF THE SECURITIES EXCHANGE ACT OF 1934
     
    Date of Report (Date of earliest event reported): April 7, 2025
    WESTERN MIDSTREAM PARTNERS, LP
    (Exact name of registrant as specified in its charter)
     
    Delaware001-3575346-0967367
    (State or other jurisdiction
    of incorporation or organization)
    (Commission
    File Number)
    (IRS Employer
    Identification No.)
     9950 Woodloch Forest Drive, Suite 2800
    The Woodlands, Texas 77380
    (Address of principal executive office) (Zip Code)
     
    (346) 786-5000
    (Registrant’s telephone number, including area code)

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
     
    ☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     
    ☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
     
    ☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
     
    ☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Securities registered pursuant to Section 12(b) of the Act:
    Title of each classTrading symbolName of exchange
    on which registered
    Common unitsWESNew York Stock Exchange
     
    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).    Emerging growth company   ☐

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ☐





    Item 1.01. Entry Into a Material Definitive Agreement.

    On April 7, 2025, Western Midstream Operating, LP (“WES Operating”), a subsidiary of Western Midstream Partners, LP (“WES”), obtained a written consent (the “Consent”) of certain lenders to its senior unsecured revolving credit agreement (the “RCF”) pursuant to Section 2.24 of the RCF consenting to the extension of the maturity date, applicable to the loans and commitments of such lenders totaling $1,880 million, from April 6, 2029 to April 6, 2030. The Consent exercised the second (and final) extension option provided pursuant to Section 2.24 of the RCF.

    As of April 7, 2025, there were no borrowings or letters of credit outstanding on the RCF.

    Relationships

    Certain of the lenders under the RCF and their respective affiliates have, from time to time, performed, and may in the future perform, various financial advisory, commercial, and investment banking services for WES Operating and WES, for which they received or may receive customary fees and expenses. Certain affiliates of such lenders have acted, and may in the future act, as underwriters of certain of WES Operating’s debt issuances and WES’s equity issuances.

    Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

    The information set forth under Item 1.01 above is incorporated herein by reference.



    SIGNATURES
     
    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

    WESTERN MIDSTREAM PARTNERS, LP
    By:Western Midstream Holdings, LLC,
    its general partner
    Dated:April 9, 2025By:/s/ Kristen S. Shults
    Kristen S. Shults
    Senior Vice President and Chief Financial Officer

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