One of the subsidiaries of Williams Partners L.P. in Tulsa has announced it’s starting an offer to exchange $250 million in outstanding notes.
Northwest Pipeline LLC is offering to exchange any and all of its $250 million in outstanding 4.000% Senior Notes due 2027 for an equal amount of its registered 4.000% Senior Notes due 2027.
The exchange will expire at 4 p.m. Oklahoma time on Feb. 28, 2018. The terms of the Exchange Notes are identical in all material respects to those of the Original Notes, except that the Exchange Notes have been registered under the Securities Act of 1933.
Terms are included in a prospectus dated Jan. 30, 2018 and filed with the SEC.
Williams’ Northwest Pipeline system started as a 1,500 mile pipeline in 1956 but now has nearly 3,900 miles in pipeline. It is considered to be a primary artery for the transmission of natural gas to the Pacific Northwest and Intermountain Region.