Williams announces $500 million off-the-shelf senior note offering

By Paul A. Harris

St. Louis, May 29 - Williams Cos., Inc. announced Thursday that it intends to bring an off-the-shelf offering of $500 million senior notes.

Proceeds will be used to improve corporate liquidity, for general corporate purposes and to pay maturing debt, including the partial repayment of the company's senior unsecured 9¼% notes due March 2004.

The Tulsa, Okla. natural gas firm did not specify timing, underwriters, maturity or structure of the deal in its press release.

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