HOUSTON — Bracewell & Giuliani LLP is representing the Special Committee of the Board of Directors of the general partner of Western Gas Partners, LP (NYSE:WES), in Western Gas Partners’ announced acquisition of an interest in two gas gathering systems in the Marcellus shale.
Western Gas Partners has agreed to acquire a 33.75% interest in both the Liberty and Rome gas gathering systems in north-central Pennsylvania from Anadarko Petroleum Corporation (NYSE: APC) for total consideration of $490 million. The Partnership intends to finance the acquisition with approximately $220 million of cash on hand, the borrowing of $246 million on its revolving credit facility and the issuance of 449,129 common units to Anadarko. The transaction is expected to close on March 1, 2013.
Bracewell attorneys working on the transaction include:
Partners: Gregory M. Bopp, Gary W. Orloff, Aaron P. Roffwarg and R. Daniel Witschey, Jr.
Associates: Elizabeth B. Behncke and Jeffrey H. Gilbert