Williams Prices $900 Million of Senior Notes
February 25 2021 - 3:15PM
Business Wire
Williams (NYSE: WMB) announced today that it has priced a public
offering of $900 million of its 2.600% Senior Notes due 2031 at a
price of 99.631 percent of par. The expected settlement date for
the offering is March 2, 2021, subject to customary closing
conditions.
Williams intends to use the net proceeds of the offering to
repay its $500 million of 4.00% Senior Notes due 2021 and its $371
million of 7.875% Senior Notes due 2021 and for general corporate
purposes.
RBC Capital Markets, LLC, Mizuho Securities USA LLC, MUFG
Securities Americas Inc. and TD Securities (USA) 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:
RBC Capital Markets, LLC 200 Vesey Street, 8th Floor New York,
NY 10281 Attention: DCM Transaction Management Telephone:
1-866-375-6829
Mizuho Securities USA LLC 1271 Avenue of the Americas, 3rd Floor
New York, NY 10020 Attention: Debt Capital Markets Desk Telephone:
1-866-271-7403
MUFG Securities Americas Inc. 1221 Avenue of the Americas, 6th
Floor New York, NY 10020 Attention: Capital Markets Group
Telephone: 1-877-649-6848
TD Securities (USA) LLC 1 Vanderbilt Avenue, 12th Floor New
York, NY 10017 Attention: Transaction Management Group E-mail:
USTMG@tdsecurities.com Telephone: 1-855-495-9846
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/20210225006198/en/
MEDIA: media@williams.com (800) 945-8723
INVESTOR CONTACT: Danilo Juvane (918) 573-5075
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