Williams announced that it has priced a public offering of $1.0 billion of its 5.600% Senior Notes due 2035 at a price of 99.843 percent of par and $500 million of its 6.000% Senior Notes due 2055 at a price of 99.330 percent of par.
The expected settlement date for the offering is January 9, 2025, subject to the satisfaction of customary closing conditions.
The Tulsa company stated it intends to use the net proceeds of the offering to repay its commercial paper, near-term debt maturities and for other general corporate purposes.
Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering.
An automatic shelf registration statement relating to the notes was previously filed with the Securities and Exchange Commission (the “SEC”) and became effective upon filing. A copy of the prospectus supplement and prospectus relating to the offering may be obtained on the SEC website at www.sec.gov or from any of the underwriters by contacting:
Deutsche Bank Securities Inc.
1 Columbus Circle
New York, New York 10019
Attention: Prospectus Group
Email: Prospectus.Ops@db.com
J.P. Morgan Securities LLC
383 Madison Ave
New York, New York 10179
Attention: Investment Grade Syndicate Desk
Phone: (212) 834-4533
Mizuho Securities USA LLC
1271 Avenue of the Americas
New York, New York 10020
Toll-free: 1-866-271-7403
Morgan Stanley & Co. LLC
1585 Broadway
New York, New York 10036
Source: Williams Cos.