Williams to offer senior notes due 2026, 2033 via four bookrunners

By William Gullotti

Buffalo, N.Y., Feb. 27 – Williams Cos. Inc. is planning a two-part offering of senior notes due 2026 and 2033, according to a 424B5 filing with the Securities and Exchange Commission.

Each series of notes will feature a make-whole call followed by a par call.

The bookrunners are Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC and Morgan Stanley & Co. LLC.

Bank of New York Mellon Trust Co., NA is the trustee.

Gibson, Dunn & Crutcher LLP will act as the company’s counsel.

Weil, Gotshal and Manges LLP is the counsel for the underwriters.

Proceeds will be used for general corporate purposes, which may include the repayment of outstanding commercial paper and near-term debt maturities. As of Feb. 24, the company had about $710 million of commercial paper notes outstanding with a weighted average annual interest rate of 4.89% and a weighted average maturity of 13.06 days.

Tulsa, Okla.-based Williams finds, produces, gathers, processes and transports natural gas.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.