Williams Partners Prices $3 Billion of Senior Notes
27 February 2015 - 9:04AM
Business Wire
Williams Partners L.P. (NYSE: WPZ) today announced that it has
priced a public offering of $1.25 billion of its 3.6 percent senior
notes due March 2022 at a price of 99.968 percent of par, $750
million of its 4.0 percent senior notes due September 2025 at a
price of 99.675 percent of par, and $1 billion of its 5.1 percent
senior notes due September 2045 at a price of 99.522 percent of
par. The expected settlement date for the offering is March 3,
2015, subject to customary closing conditions.
Williams Partners plans to use the net proceeds from the
offering to repay indebtedness, which may include amounts
outstanding under the partnership’s commercial paper program and
credit facility, to fund capital expenditures and for general
partnership purposes.
Barclays, BofA Merrill Lynch and Wells Fargo Securities 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
and became effective upon filing. Before you invest, you should
read the prospectus in the registration statement and other
documents the Company has filed with the SEC for more complete
information about the Company 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:
Barclays Capital Inc.c/o Broadridge Financial Solutions1155 Long
Island AvenueEdgewood, NY
117171-888-603-5847barclaysprospectus@broadridge.com
Merrill Lynch, Pierce, Fenner & Smith Incorporated222
Broadway, 11th FloorNew York, NY 10038Attn: Prospectus
Department1-800-294-1322dg.prospectus_requests@baml.com
Wells Fargo Securities, LLC608 2nd AvenueSouth Minneapolis, MN
55402Attention: WFS Customer
Service1-800-645-3751wfscustomerservice@wellsfargo.com
About Williams Partners
Williams Partners (NYSE: WPZ) 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 and
also in Canada. 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 – moving approximately 20 percent of U.S. natural
gas for clean-power generation, home heating and industrial use.
Tulsa, Okla.-based Williams (NYSE: WMB), a premier provider of
large-scale North American natural gas infrastructure, owns 60
percent of Williams Partners, including the general-partner
interest.
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. 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 the partnership’s
annual reports filed with the Securities and Exchange
Commission.
Williams Partners L.P.Media Contact:Tom Droege,
918-573-4034orInvestor Contacts:John Porter,
918-573-0797orBrett Krieg, 918-573-4614
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