On October 4, 2018, Westlake Chemical Partners LP (NYSE: WLKP
) (“WLKP”) commenced an at-the-market offering program, entering into an Equity Distribution Agreement with UBS Securities LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, LLC and Wells Fargo Securities, LLC (collectively, the “Managers”), under which WLKP may offer and sell common units representing limited partner interests in WLKP (the “Common Units”) from time to time to or through the Managers, as WLKP’s sales agents or as principals, having an aggregate offering amount of up to $50,000,000. WLKP intends to use the net proceeds of sales of Common Units for general partnership purposes, including the funding of potential drop-downs and other acquisitions.
Baker Botts represented the Managers in the commencement of the program.
Baker Botts Lawyers/Office Involved:
Corporate: Josh Davidson (Partner, Houston)
, Lakshmi Ramanathan
(Associate, Houston) and Steven Lackey
Tax: Chuck Campbell
(Special Counsel, Houston)
# # #
About Baker Botts L.L.P.
Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 14 offices around the globe. Based on our experience and knowledge of our clients’ industries, we are recognized as a leading firm in the energy and technology sectors. Throughout our 179-year history, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit BakerBotts.com