Williams $2Bln notes
Jan 3 (LNGJ) - Williams, a leading US natural gas pipelines operator with projects aimed at boosting feed-gas supplies for Gulf Coast LNG plants, has priced a public offering of 2.1 billion in Senior Notes, a type of bond that takes precedence over other debts. The offering of $1.1Bln of its 4.900 percent Senior Notes due 2029 was at a price of 99.839 percent of par and $1.0 Bln of its 5.150 percent Senior Notes due in 2034 were priced at 99.975 percent of par.
“The expected settlement date for the offering is January 5, 2024, subject to the satisfaction of customary closing conditions,” said Williams, which is based in Tulsa, Oklahoma. “Williams intends to use the net proceeds of the offering for general corporate purposes, which may include the repayment of our outstanding commercial paper notes or other near-term debt maturities,” it added. The joint book-running managers of the offering were named as Barclays Capital, Citigroup Global Markets, Truist Securities and Wells Fargo Securities.
