Williams sets talk for $1.9 billion two-part notes; pricing Thursday

By Aleesia Forni

Virginia Beach, June 19 – Williams Cos. Inc. set price talk on Thursday for its planned two-tranche offering of senior notes, according to a market source and a 424B5 filing with the Securities and Exchange Commission.

The 10-year notes are talked in the area of Treasuries plus 220 basis points, and the 30-year bonds are talked at 265 bps over Treasuries.

The bookrunners are Barclays, Citigroup Global Markets Inc. and UBS Securities LLC.

Proceeds will be used, along with borrowings under a revolving credit facility and bridge facility if needed, to fund the investment in equity interest of Access Midstream Partners LP.

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

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