Williams Partners Announces Redemption of 4.875% Senior Notes due 2023
June 02 2017 - 12:53PM
Business Wire
Williams Partners L.P. (NYSE: WPZ) and ACMP Finance Corp.
(collectively, the “Issuers”) announced today that they have issued
a notice of redemption (the “Notice of Redemption”) to holders of
the Issuers’ 4.875% Senior Notes due 2023 (the “Notes”), stating
that the Issuers will redeem all of the outstanding Notes for cash
on July 3, 2017 (the “Redemption Date”) at a redemption price equal
to the sum of the principal amount of the Notes plus the excess, if
any, of (a) present value at such time of (i) the redemption price
of such Note at December 15, 2017 plus (ii) any required interest
payments due on such Note through December 15, 2017 (except for
currently accrued and unpaid interest), computed using a discount
rate equal to the Treasury Rate (as defined in the indenture
governing the Notes (the “Indenture”)) plus 50 basis points,
discounted to the redemption date on a semi-annual basis (assuming
a 360-day year consisting of twelve 30-day months), over (b) the
principal amount of such Note, plus accrued and unpaid interest to
the Redemption Date. The Issuers will calculate the Treasury Rate
no later than the second Business Day (as defined in the Indenture)
preceding the Redemption Date.
Additional information concerning the terms and conditions of
the redemption are fully described in the Notice of
Redemption. Beneficial holders with any questions about the
redemption should contact their respective brokerage firm or
financial institution.
This press release is for informational purposes only and does
not constitute an offer to purchase the Notes or any other
securities.
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 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/20170602005757/en/
Williams Partners L.P.Media Contact:Lance Latham,
918-573-9675orInvestor Contacts:John Porter,
918-573-0797orBrett Krieg, 918-573-4614
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