TULSA, Okla.–( BUSINESS WIRE )–Williams (NYSE: WMB) announced today that it has priced a $1.0 billion public offering of its 5.600% senior notes due 2035 at 99.843 percent of par and $500 million of its 6,000% senior bonds due 2055 at 99.330 percent of par. The expected settlement date for the offering is January 9, 2025, subject to the satisfaction of customary closing conditions.
Williams intends to use the net proceeds of the offering to repay its commercial paper, short-term debt maturities and for other general corporate purposes.
Deutsche Bank (ETR:) Securities Inc., JP Morgan Securities LLC, Mizuho (NYSE:) Securities USA LLC and Morgan Stanley (NYSE:) & Co. The LLCs are acting as joint bookrunners for the offering.
This press release is neither an offer to sell nor a solicitation of an offer to buy any of these securities and will not constitute an offer, solicitation or sale in any jurisdiction where such offer, solicitation or sale is unlawful.
The policy’s automatic registration statement relating to the records was previously filed with the Securities and Exchange Commission (SEC) and became effective upon filing. Before you invest, you should read the registration statement prospectus and other documents filed by Williams with the SEC for more complete information about Williams and the offering. A copy of the prospectus supplement and the prospectus relating to the offering may be obtained on the SEC’s website at www.sec.gov or from any insurer by contacting:
Deutsche Bank Securities Inc.
1 Columbus (WA:) Circle
New York, New York 10019
Attention: Prospectus Group
Email: Prospectus.Ops@db.com
JP Morgan Securities LLC
383 Madison Ave
New York, New York 10179
Attention: Investment Grade Syndicate Desk
Phone: (212) 834-4533
Mizuho Securities USA LLC
1271 Avenue of the Americas
New York, New York 10020
Toll free: 1-866-271-7403
Morgan Stanley & Co. LLC
1585 Broadway
New York, New York 10036
About Williams
Williams (NYSE: WMB) is a trusted energy industry leader dedicated to meeting the growing demand for energy safely, reliably and responsibly. We use our 33,000 miles of pipeline infrastructure to move a third of the nation to where it’s needed most, supplying the energy used to heat our homes, cook our food and generate low-carbon electricity. For more than a century, we have been driven by a passion to do things the right way. Today, our problem-solving team is leading efforts into a clean energy future “by powering the global economy with immediate emissions reductions within our natural gas network and investing in new energy technologies.
Portions of this document may constitute forward-looking statements as defined by federal law. Although Williams believes that all such statements are based on reasonable assumptions, there can be no assurance that actual results will not be materially different. All such statements are made in reliance on the safe harbor protections provided by the Private Securities Reform Act of 1995. Additional information about issues that could result in material changes in performance is contained in Williams’ annual and quarterly reports filed with the SEC.
See the original version on businesswire.com: https://www.businesswire.com/news/home/20250106229864/en/
MEDIA:
media@williams.com
(800) 945-8723
INVESTOR CONTACTS:
Danilo Juvane
(918) 573-5075
Caroline Sardella
(918) 230-9992
Source: Williams
