Akin Gump Advises Westlake Chemical Partners Conflicts Committee in Acquisition of Additional Interest in Westlake Chemical OpCo

(Houston) – Westlake Chemical Partners LP today announced that it has agreed to acquire an additional 5 percent limited partner interest in Westlake Chemical OpCo LP for approximately $229.2 million. The transaction, which is expected to close in connection with the concurrently announced equity offering by the partnership, is expected to be immediately accretive to the partnership’s master limited partnership distributable cash flow.

Akin Gump advised the conflicts committee of Westlake Chemical Partners’ board of directors, with oil and gas partner John Goodgame leading the effort. He was joined by oil and gas associate Allyson Li and tax partner Alison Chen.

Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.

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