Williams Partners Completes Private Debt Issuance
February 09 2010 - 5:10PM
PR Newswire (US)
TULSA, Okla., Feb. 9 /PRNewswire-FirstCall/ -- Williams Partners
L.P. (NYSE:WPZ) announced that it has completed its offering of
$3.5 billion in principal amount of senior notes. The offering
consists of the notes and pricing in the following chart. Amount
Percent of Yield to Description (in millions) Coupon Par Investors
Senior notes due 2015 $750 3.80% 99.954% 3.810% Senior notes due
2020 $1,500 5.25% 99.945% 5.256% Senior notes due 2040 $1,250 6.30%
99.401% 6.343% Williams Partners intends to use the net proceeds
from the offering to fund the cash portion of the asset
contribution transaction with Williams (NYSE:WMB) that was
announced on Jan. 19. Please see the news release from that day for
details. The notes have not been registered under the Securities
Act of 1933 and may not be offered or sold in the United States
absent registration or an applicable exemption from registration
requirements. This press release does not constitute an offer to
sell or the solicitation of an offer to buy such notes and is
issued pursuant to Rule 135c under the Securities Act of 1933.
About Williams Partners L.P. (NYSE:WPZ) Williams Partners L.P. is a
publicly traded master limited partnership that owns natural gas
gathering, transportation, processing and treating assets serving
regions where producers require large scale and highly reliable
services, including the Gulf of Mexico, the San Juan Basin in New
Mexico and Colorado, and the Washakie Basin in Wyoming. The
partnership also serves the natural gas liquids (NGL) market
through its NGL fractionating and storage assets. The general
partner is Williams Partners GP LLC. More information about the
partnership is available at www.williamslp.com. Go to
http://www.b2i.us/irpass.asp?BzID=1296&to=ea&s=0 to join
our e-mail list. Contact: Jeff Pounds Williams (media relations)
(918) 573-3332 Sharna Reingold Williams (investor relations) (918)
573-2078 This press release may include "forward-looking
statements" as defined by federal law. All statements, other than
statements of historical facts, included in this press release that
address activities, events or developments that the Partnership
expects, believes or anticipates will or may occur in the future
are forward-looking statements. These statements are based on
certain assumptions made by the Partnership based on its experience
and perception of historical trends, current conditions, expected
future developments and other factors it believes are appropriate
in the circumstances. Such statements are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the
control of the Partnership, which may cause our actual results to
differ materially from those implied or expressed by the
forward-looking statements. 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. DATASOURCE: Williams Partners
L.P. CONTACT: media relations, Jeff Pounds, +1-918-573-3332, or
investor relations, Sharna Reingold, +1-918-573-2078, both of
Williams Web Site: http://www.williamslp.com/
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