Williams Partners Prices $1.45 Billion of Senior Notes
May 31 2017 - 5:20PM
Business Wire
Williams Partners L.P. (NYSE: WPZ) today announced that it has
priced a public offering of $1.45 billion of its 3.75% Senior Notes
due 2027 at a price of 99.949% of par. The expected settlement date
for the offering is June 5, 2017, subject to customary closing
conditions.
Williams Partners intends to use the net proceeds of the
offering for general partnership purposes, including repayment of
its $1.4 billion aggregate principal amount of 4.875% Senior Notes
due 2023 or other of its outstanding indebtedness.
BofA Merrill Lynch, Deutsche Bank Securities and RBC Capital
Markets are acting as joint book-running managers for the
offering.
This news release is neither an offer to sell nor a solicitation
of an offer to buy any of these securities and shall not constitute
an offer, solicitation or sale in any jurisdiction in which such
offer, solicitation or sale is unlawful.
An automatic shelf registration statement relating to the notes
was previously filed with the Securities and Exchange Commission
and became effective upon filing. Before you invest, you should
read the prospectus in the registration statement and other
documents the Company has filed with the SEC for more complete
information about the Company and the offering. A copy of the
prospectus supplement and prospectus relating to the offering may
be obtained on the SEC website at www.sec.gov or from any of the
underwriters including:
Deutsche Bank Securities Inc.Attn: Prospectus Group60 Wall
StreetNew York, New York
10005-28361-800-503-4611prospectus.cpdg@db.com
Merrill Lynch, Pierce, Fenner & Smith Incorporated200 North
College StreetNC1-004-03-43Charlotte, NC 28255-0001Attn: Prospectus
DepartmentToll-free:
1-800-294-1322dg.prospectus_requests@baml.com
RBC Capital Markets, LLC200 Vesey Street, 8th FloorNew York, NY
10281(866) 375-6829rbcnyfixedincomeprospectus@rbccm.com
About Williams Partners
Williams Partners (NYSE: WPZ) is an industry-leading, large-cap
natural gas infrastructure master limited partnership with a strong
growth outlook and major positions in key U.S. supply basins.
Williams Partners has operations across the natural gas value chain
from gathering, processing and interstate transportation of natural
gas and natural gas liquids to petchem production of ethylene,
propylene and other olefins. Williams Partners owns and operates
more than 33,000 miles of pipelines system wide – including the
nation’s largest volume and fastest growing pipeline – providing
natural gas for clean-power generation, heating and industrial use.
Williams Partners’ operations touch approximately 30 percent of
U.S. natural gas. Tulsa, Okla.-based Williams (NYSE: WMB), a
premier provider of large-scale U.S. natural gas infrastructure,
owns approximately 74 percent of Williams Partners.
Portions of this document may constitute “forward-looking
statements” as defined by federal law. Although the partnership
believes any such statements are based on reasonable assumptions,
there is no assurance that actual outcomes will not be materially
different. Additional information about issues that could lead to
material changes in performance is contained in the partnership’s
annual and quarterly reports filed with the Securities and Exchange
Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20170531006492/en/
Williams Partners L.P.Media Contact:Keith Isbell,
918-573-7308orInvestor Contacts:John Porter,
918-573-0797orBrett Krieg, 918-573-4614
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