Whistler Pipeline LLC (Whistler) has announced that it priced an offering of US$1.85 billion aggregate principal amount of senior unsecured notes, consisting of US$400 million aggregate principal amount of 5.400% senior notes due 2029, US$500 million aggregate principal amount of 5.700% senior notes due 2031, US$825 million aggregate principal amount of 5.950% senior notes due 2034, and US$125 million aggregate principal amount of 6.350% senior notes due 2044. The offering is expected to close on August 5, 2024, subject to satisfaction of customary closing conditions.
Latham & Watkins LLP represents Whistler in the offering with a capital markets team led by Austin partner David Miller and Houston associate Om Pandya, with associates Ziyad Barghouthy, Mary Kline, and David Lee. Advice was also provided on project finance and structuring matters by New York partners Warren Lilien and Christopher Cross, and Washington, D.C. partner Carlos Ardila, with associate Ashley Pappenfus; on tax matters by Houston partners Bryant Lee and Jim Cole, with associate Dominick Constantino; on environmental matters by Washington, D.C. partner James Barrett and Orange County/Washington, D.C. counsel Nikki Buffa, with associate Casey Kirk; and on regulatory matters by Washington, D.C. partners Patrick Nevins and Tyler Brown.
