Williams gets $500 million amended and restated credit facility

By Sara Rosenberg

New York, Jan. 26 - The Williams Cos. Inc. closed on an amended and restated $500 million five-year credit facility, according to an 8-K filed with the Securities and Exchange Commission. Citigroup is the agent on the deal.

The $400 million revolving credit facility has a fixed-facility fee at a rate of 3.18% on the total committed amount, and the $100 million revolving credit facility has a fixed-facility fee at a rate of 3.25% on the total committed amount.

The facility, which closed on Jan. 20, basically eliminated or loosened covenants and certain events of default that were found in the previous credit agreement, the filing added.

Williams is Tulsa, Okla., transporter and seller of natural gas and petroleum products.

© 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.