Anika Begay
TULSA, Okla.–(BUSINESS WIRE)–Williams (NYSE: WMB) today announced that it has priced a public offering of $450 million of its 4.800% senior notes due 2029 at 99.810 percent of principal amount, $300 million of its 5.150% senior notes due 2034 at 99.037 percent of principal amount (the New 2034 Notes) and $750 million of its 5.800% senior notes due 2054 at 99.784 percent of principal amount. The New 2034 Notes are an additional issuance of Williams’ 5.150% Senior Notes due 2034 issued on January 5, 2024, and will exchange interchangeably for 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 from the offering to redeem its trading notes, fund capital expenditures and for other general corporate purposes, which may include repaying maturities on its short-term debt 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 press release does not constitute an offer to sell or 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 registration statement relating to the notes was previously filed with the Securities and Exchange Commission (SEC) and was effective upon filing. Before investing, 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 the prospectus relating to the offering may be obtained on the SEC’s website at www.sec.gov or from any of the underwriters by contacting:
Company listed on the stock exchange in London, England, United Kingdom.
Tyron Street North 201
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
Phone: 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: (866) 375-6829
Email: rbcnyfixedincomeprospectus@rbccm.com
Warning: Syndicate operations
Nikko Securities America, Inc. Public Company
Park Avenue 277
New York, New York 10172
Attention: Debt Capital Markets
Toll Free: 1-888-868-6856
Email: prospectus@smbcnikko-si.com
About Williams
Williams (NYSE: WMB) is a trusted energy leader committed to safely, reliably and responsibly meeting the growing demand for energy. We use our 33,000-mile pipeline infrastructure to move one-third of the nation where it’s needed most, providing the energy used to heat our homes, cook our food and generate low-carbon electricity. For more than a century, we’ve been driven by a passion for doing things right. Today, our team of problem solvers is leading the charge toward the clean energy future, powering the global economy while delivering immediate emissions reductions within our natural gas grid and investing in new energy technologies.
Portions of this document may constitute forward-looking statements as defined by federal law. Although Williams believes that such statements are based on reasonable assumptions, there can be no assurance that actual results will not be materially different. Such statements are made pursuant to the safeguards provided under the Private Securities Reform Act of 1995. Additional information regarding matters that could cause material changes in performance is contained in Williams’ annual and quarterly reports filed with the SEC.
View original version on businesswire.com: https://www.businesswire.com/news/home/20240808455950/en/
AVERAGE:
media@williams.com
(800) 945-8723
CONTACTS FOR INVESTORS:
Danilo Juvane
(918) 573-5075
Caroline Sardella
(918) 230-9992
Source: Williams
