Northwest Pipeline LL , a wholly owned subsidiary of The Williams Companies, Inc., announced that it has priced an offering of $250 million of its 4.000 percent Senior Notes due 2027 through an add-on to its existing issue.
The $250 million in aggregate principal amount of 4.000 percent Senior Notes due 2027, scheduled to be delivered on Aug. 24, 2018, were priced at an offering price of 98.558 percent of par.
Northwest intends to use the net proceeds from the offering to repay the intercompany debt owed to Williams in connection with the repayment of Northwest’s 6.05% senior notes at their maturity on June 15, 2018 and any excess net proceeds will be used for general corporate purposes.
The notes are being offered pursuant to certain exemptions from registration under the Securities Act of 1933, as amended (the “Securities Act”). The offering of the notes has not been registered under the Securities Act or applicable state securities laws. The notes may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.t