Williams gets $700 million in new credit facilities

By Sara Rosenberg

New York, Sept. 20 - The Williams Cos. Inc. closed on $700 million in two unsecured five-year credit facilities, according to a company news release.

Citigroup was the lead bank on the deal.

The facilities will primarily be used for issuing letters of credit.

Citigroup syndicated the credit facilities' associated credit risk into the institutional investor market via a 144A offering.

Williams is a Tulsa, Okla.-based finder, producer, gatherer, processor and transporter of natural gas.

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