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Published on 8/7/2023 in the Prospect News Investment Grade Daily.

Williams to price add-on to 5.4% notes due 2026, new senior notes

By Marisa Wong

Los Angeles, Aug. 7 – Williams Cos., Inc. is offering further 5.4% senior notes due 2026 and new senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

The 2026 notes are an add-on to the $750 million of 2026 notes issued on March 2.

Both tranches will feature optional make-whole calls, followed by par calls.

CIBC World Markets Corp., MUFG Securities Americas Inc., RBC Capital Markets, LLC and TD Securities (USA) LLC are the joint bookrunners.

Bank of New York Mellon Trust Company, NA is the trustee.

Gibson, Dunn & Crutcher LLP will act as counsel for the issuer. Weil, Gotshal and Manges LLP is counsel for the underwriters.

Proceeds will be used for general corporate purposes.

Williams is an energy infrastructure company based in Tulsa, Okla.


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