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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 1, 1995
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(June 1, 1995)
WESTERN GAS RESOURCES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-10389 84-1127613
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(State or other jurisdiction of (Commission (I.R.S Employer
incorporation) File Number) Identification No.)
12200 N. Pecos Street Denver, Colorado 80234-3439
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(Address of principal executive offices) (Zip Code)
(303) 452-5603
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(Registrant's telephone number, including area code)
No Changes
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(Former name, former address and former fiscal year, if changed since
last report).
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ITEM 5. OTHER EVENTS.
On May 31, 1995, the Company redeemed all of the issued and outstanding
shares of the Company's 7.25% Cumulative Senior Perpetual Convertible
Preferred Stock (liquidation preference of $40 million) pursuant to the
provisions of the Certificate of Designation relating to such preferred
stock, at an aggregate redemption price of approximately $42.5 million,
including accrued dividends. This transaction will reduce total
stockholders' equity by $42.5 million. In addition, income available to
holders of the Company's Common Stock during the fiscal year ending
December 31, 1995 will be reduced by the redemption premium and up-front
costs of issuance of the preferred stock totaling $3.8 million. The
Company has drawn on its revolving credit facility with its bank group to
finance the redemption.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
WESTERN GAS RESOURCES, INC.
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Registrant
Date: June 1, 1995 By: /s/ WILLIAM J. KRYSIAK
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William J. Krysiak
Vice President Finance
(Principal Financial and
Accounting Officer)
