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)
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