WESTERN MIDSTREAM PARTNERS, LP Enterprise Products Partners L.P. (NYSE:EPD) entered into a definitive agreement to acquire additional 15% member interests in Panola Pipeline Company, LLC from Western Midstream Partners, LP (NYSE:WES) for $25 million on February 21, 2024. Transaction is debt-free for $25 million in cash consideration. The transaction is expected to be funded using a combination of cash on hand and proceeds from the issuance of short-term notes under the partnership?s commercial paper program.
The transaction is expected to close within 45 days of this announcement, subject to terms under existing agreements. As per filing on February 28, 2024 The transaction is expected to close by April 1, 2024.
