Williams’ Northwest Pipeline LLC Prices Private Debt Issuance
August 21 2018 - 3:50PM
Business Wire
Northwest Pipeline LLC (“Northwest”), a wholly owned subsidiary
of The Williams Companies, Inc. (NYSE: WMB), announced that it has
priced an offering of $250 million of its 4.000 percent Senior
Notes due 2027 through an add-on to its existing issue.
The $250 million in aggregate principal amount of 4.000 percent
Senior Notes due 2027, scheduled to be delivered on Aug. 24, 2018,
were priced at an offering price of 98.558 percent of par.
Northwest intends to use the net proceeds from the offering to
repay the intercompany debt owed to Williams in connection with the
repayment of Northwest’s 6.05% senior notes at their maturity on
June 15, 2018 and any excess net proceeds will be used for general
corporate purposes.
The notes are being offered pursuant to certain exemptions from
registration under the Securities Act of 1933, as amended (the
“Securities Act”). 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.
Portions of this document may constitute “forward-looking
statements” as defined by federal law. Although Northwest 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 Northwest’s annual and
quarterly reports filed with the Securities and Exchange
Commission.
About Williams
Williams (NYSE: WMB) is a premier provider of large-scale
infrastructure connecting U.S. natural gas and natural gas products
to growing demand for cleaner fuel and feedstocks. Headquartered in
Tulsa, Okla., 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 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’
operations touch approximately 30 percent of U.S. natural gas.
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WilliamsMedia Contact:Keith Isbell,
918-573-7308orInvestor Contacts:John Porter,
918-573-0797orPaul Schroedter, 918-573-9673
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