Williams prices $1.25 billion in Senior Notes

Williams Prices $1.25 Billion of Senior Notes | WMB Stock News


Williams announced this week the public offering of $1.25 billion in Senior notes.

The company said it intends to use the net proceeds of the offering for general corporate purposes, which may include the repayment of our near-term debt maturities.

The break-down includes $350 million of its 5.400% Senior Notes due 2026 at a price of 100.181 percent of par and $900 million of its 5.300% Senior Notes due 2028 at a price of 99.886 percent of par. The new 2026 notes are an additional issuance of Williams’ 5.400% Senior Notes due 2026 issued on March 2, 2023 and will trade interchangeably with the $750 million aggregate principal amount of such notes outstanding, resulting in $1.1 billion aggregate principal amount of such notes outstanding. The expected settlement date for the offering is August 10, 2023, subject to customary closing conditions.

CIBC World Markets Corp., MUFG Securities Americas Inc., RBC Capital Markets, LLC and TD Securities (USA) LLC are acting as joint book-running managers for 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.

Source: press release