Williams Partners’ Transco Initiates Private Debt Issuance
March 08 2018 - 10:09AM
Business Wire
Transcontinental Gas Pipe Line Company, LLC (“Transco”), a
wholly owned subsidiary of Williams Partners L.P. (NYSE: WPZ),
announced today that it is offering senior notes due 2028 and
senior notes due 2048 to certain institutional investors. The notes
will be offered pursuant to certain exemptions from registration
under the Securities Act of 1933, as amended (the “Securities
Act”).
Transco intends to use the net proceeds from the offering to
repay indebtedness, including Transco’s $250 million of 6.05%
senior notes due 2018 upon their maturity on June 15, 2018, and for
general corporate purposes, including the funding of capital
expenditures.
The offering of the notes has not been registered under the
Securities Act or applicable state securities laws. The notes may
not be offered or sold in the United States absent registration or
an applicable exemption from such registration requirements.
This press release is for informational purposes only and does
not constitute an offer to sell or a solicitation of an offer to
buy the notes described in this press release, nor shall there be
any sale of the notes in any state or jurisdiction in which such an
offer, sale or solicitation would be unlawful prior to registration
or qualification under the securities laws of such
jurisdiction.
About Williams Partners
Williams Partners 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
including gathering, processing and interstate transportation of
natural gas and natural gas liquids. 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 Transco 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 Transco’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/20180308005793/en/
Williams Partners L.P.Media Contact:Keith Isbell,
918-573-7308orInvestor Contact:Brett Krieg, 918-573-4614
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