Williams Prices $1.25 Billion of Senior Notes
October 05 2021 - 5:04PM
Business Wire
Williams (NYSE: WMB) announced today that it has priced a public
offering of $600 million of 2.600% Senior Notes due 2031 (the “new
2031 notes”) at a price of 100.973 percent of par and $650 million
of 3.500% Senior Notes due 2051 at a price of 99.833 percent of
par. The new 2031 notes are an additional issuance of the $900
million aggregate principal amount of Williams’ 2.600% Senior Notes
due 2031 issued on March 2, 2021 and will trade interchangeably
with such notes. The expected settlement date for the offering is
October 8, 2021, subject to the satisfaction of customary closing
conditions.
Williams intends to use the net proceeds of the offering for
general corporate purposes, which may include, together with cash
on hand, repaying the $1.25 billion aggregate principal amount of
our outstanding 3.60% Senior Notes due 2022.
Barclays Capital Inc., SMBC Nikko Securities America, Inc.,
Truist Securities, Inc. and Wells Fargo Securities, LLC 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
(the “SEC”) and became effective upon filing. Before you invest,
you should read the prospectus in the registration statement and
other documents Williams has filed with the SEC for more complete
information about Williams 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 by contacting:
Barclays Capital Inc. 745 Seventh Avenue New York, NY 10019
Attention: Syndicate Registration Telephone: 1-888-603-5847
SMBC Nikko Securities America, Inc. 277 Park Avenue New York, NY
10172 Attention: Debt Capital Markets Telephone: 1-888-868-6856
Truist Securities, Inc. 303 Peachtree Street Atlanta, GA 30308
Attention: Prospectus Department Telephone: 800 685-4786
Wells Fargo Securities, LLC 608 2nd Avenue South, Suite 1000
Minneapolis, MN 55402 Attention: WFS Customer Service Email:
wfscustomerservice@wellsfargo.com Toll-Free: 1-800-645-3751
About Williams
Williams (NYSE: WMB) is committed to being the leader in
providing infrastructure that safely delivers natural gas products
to reliably fuel the clean energy economy. Headquartered in Tulsa,
Oklahoma, Williams is an industry-leading, investment grade C-Corp
with operations across the natural gas value chain including
gathering, processing, interstate transportation and storage of
natural gas and natural gas liquids. With major positions in top
U.S. supply basins, Williams connects the best supplies with the
growing demand for clean energy. Williams owns and operates more
than 30,000 miles of pipelines system wide – including Transco, the
nation’s largest volume and fastest growing pipeline – and handles
approximately 30 percent of the natural gas in the United States
that is used every day for clean-power generation, heating and
industrial use.
Portions of this document may constitute “forward-looking
statements” as defined by federal law. Although Williams believes
any such statements are based on reasonable assumptions, there is
no assurance that actual outcomes will not be materially different.
Any such statements are made in reliance on the “safe harbor”
protections provided under the Private Securities Reform Act of
1995. Additional information about issues that could lead to
material changes in performance is contained in Williams’ annual
and quarterly reports filed with the SEC.
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version on businesswire.com: https://www.businesswire.com/news/home/20211005006196/en/
MEDIA: media@williams.com (800) 945-8723
INVESTOR CONTACT: Danilo Juvane (918) 573-5075
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