Reuters logo
BRIEF-Westlake Chemical Partners LP acquires additional interest in Westlake Chemical OpCo
September 26, 2017 / 8:16 PM / 24 days ago

BRIEF-Westlake Chemical Partners LP acquires additional interest in Westlake Chemical OpCo

Sept 26 (Reuters) - Westlake Chemical Partners LP

* Westlake Chemical Partners LP acquires additional interest in Westlake Chemical OpCo

* Westlake Chemical Partners LP - deal for ‍$229.2 million​

* Westlake Chemical Partners LP - deal expected to be immediately accretive to partnership’s MLP distributable cash flow

* Westlake Chemical Partners LP - ‍consideration for acquisition is expected to be funded with borrowings under partnership’s revolving credit agreement​

* Westlake Chemical Partners LP - to acquire an additional 5.0% limited partner interest in westlake chemical opco lp for approximately $229.2 million​

* Westlake Chemical Partners LP - deal will increase partnership’s limited partner interest in opco from approximately 13.3% to approximately 18.3%​

* Westlake Chemical -‍OpCo to use proceeds received in connection with deal to repay borrowings under intercompany debt deals with Westlake Chemical Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below