Williams Partners Prices $800 Million of Senior Notes
27 February 2018 - 7:30AM
Business Wire
Williams Partners L.P. (NYSE: WPZ) (“Williams Partners”) today
announced that it has priced a public offering of $800 million of
its 4.85 percent Senior Notes due 2048 at a price of 99.515 percent
of par. The expected settlement date for the offering is March 5,
2018, subject to customary closing conditions.
Williams Partners intends to use the net proceeds of the
offering for general partnership purposes, including repayment of
its $750 million aggregate principal amount of 4.875% Senior Notes
due 2024 or other of its outstanding indebtedness.
Citigroup, Morgan Stanley and MUFG 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 Partners has filed with the SEC for more
complete information about Williams Partners 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 including:
Citigroup Global Markets Inc.c/o Broadridge Financial
Solutions1155 Long Island AvenueEdgewood, NY 11717Toll free: (800)
831-9146
Morgan Stanley & Co. LLCAttn: Prospectus Department180
Varick Street, 2nd FloorNew York, NY 10014
MUFG Securities Americas Inc.1221 Avenue of the Americas, 6th
FloorNew York, NY 10020Attention: Capital Markets GroupTelephone:
877-649-6848
About Williams Partners
Williams Partners (NYSE: WPZ) is an industry-leading, large-cap
natural gas infrastructure master limited partnership with
operations across the natural gas value chain including gathering,
processing and interstate transportation of natural gas and natural
gas liquids. With major positions in top U.S. supply basins,
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 connecting U.S. natural
gas and natural gas products to growing demand for cleaner fuel and
feedstocks, 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/20180226006474/en/
Williams Partners L.P.Media Contact:Keith Isbell,
918-573-7308orInvestor Contact:Brett Krieg, 918-573-4614
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