Transcontinental Gas Pipe Line Company, LLC, one of the wholly-owned subsidiaries of Williams Partners L.P. in Tulsa announced it has priced its previously announced offering of senior notes.
The $400 million in principal mount of senior notes due 2028 were priced with a 4.000 percent coupon and at an offering price of 99.446 percent of par. The expected yield to investors would be 4.068 percent.
A $600 million group of senior notes due 2048 were priced with a 4.600 percent coupon and at an offering price of 99.276 percent of par. The yield to investors would be 4.645 percent.
Each series is to be delivered March 15, 2018 and proceeds will be used by Transco to repay indebtedness. The repayment includes the company’s $250 million of 6.05% senior notes during 2018.