Brief: Westlake Chemical Partners LP acquires additional interest in Westlake Chemical OpCo

Westlake Chemical Partners LP

26/09/2017 21:07

Sept 26 (Reuters) - Westlake Chemical Partners LP  WLKP.N  
    * 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:  ID:nBw31hTdSa  
Further company coverage:  WLKP.N  
 
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