Williams Prices $1.5 Billion of Senior Notes
08 Agosto 2024 - 7:25PM
Business Wire
Williams (NYSE: WMB) announced today that it has priced a public
offering of $450 million of its 4.800% Senior Notes due 2029 at a
price of 99.810 percent of par, $300 million of its 5.150% Senior
Notes due 2034 at a price of 99.037 percent of par (the “new 2034
notes”), and $750 million of its 5.800% Senior Notes due 2054 at a
price of 99.784 percent of par. The new 2034 notes are an
additional issuance of Williams’ 5.150% Senior Notes due 2034
issued on January 5, 2024 and will trade interchangeably with the
$1.0 billion aggregate principal amount of such notes outstanding,
resulting in $1.3 billion aggregate principal amount of such notes
outstanding. The expected settlement date for the offering is
August 13, 2024, subject to the satisfaction of customary closing
conditions.
Williams intends to use the net proceeds of the offering to
repay its commercial paper, fund capital expenditures and for other
general corporate purposes, which may include the repayment of its
near-term debt maturities or other obligations.
BofA Securities, Inc., PNC Capital Markets LLC, RBC Capital
Markets, LLC, and SMBC Nikko Securities America, Inc. 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:
BofA Securities, Inc. 201 North Tyron Street NC1-022-02-25
Charlotte, North Carolina 28255-0001 Attention: Prospectus
Department Email: dg.prospectus_requests@bofa.com
PNC Capital Markets LLC 300 Fifth Avenue 10th Floor Pittsburgh,
Pennsylvania 15222 Telephone: 1-855-881-0697 Email:
pnccmprospectus@pnc.com
RBC Capital Markets, LLC Brookfield Place 200 Vesey Street, 8th
Floor New York, New York 10281 Toll-Free Number: (866) 375-6829
Email: rbcnyfixedincomeprospectus@rbccm.com Attention: Syndicate
Operations
SMBC Nikko Securities America, Inc. 277 Park Avenue New York,
New York 10172 Attention: Debt Capital Markets Toll Free:
1-888-868-6856 E-mail: prospectus@smbcnikko-si.com
About Williams
Williams (NYSE: WMB) is a trusted energy industry leader
committed to safely, reliably, and responsibly meeting growing
energy demand. We use our 33,000-mile pipeline infrastructure to
move a third of the nation’s natural gas to where it's needed most,
supplying the energy used to heat our homes, cook our food and
generate low-carbon electricity. For over a century, we’ve been
driven by a passion for doing things the right way. Today, our team
of problem solvers is leading the charge into the clean energy
future – by powering the global economy while delivering immediate
emissions reductions within our natural gas network and investing
in new energy technologies.
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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MEDIA: media@williams.com (800) 945-8723
INVESTOR CONTACTS: Danilo Juvane (918) 573-5075
Caroline Sardella (918) 230-9992
Williams Companies (NYSE:WMB)
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