Chicago, Jan. 2 – Williams Cos., Inc. priced a $2.1 billion offering of senior notes in two parts (BBB/BBB) on Tuesday, according to a press release and a 424B5 filing with the Securities and Exchange Commission earlier in the day.
The first tranche came through pricing as $1.1 billion of 4.9% notes due in 2029, priced at 99.839.
The public offering also includes $1 billion of 5.15% senior notes due 2034, priced at 99.975.
Each of the notes comes with make-whole call protection until a par call option begins before the respective maturity date.
Barclays, Citigroup Global Markets Inc., Truist Securities, Inc. and Wells Fargo Securities, LLC are working as joint bookrunners.
Proceeds will be used for general corporate purposes, which include repaying outstanding commercial notes or other near-term debt maturities.
Williams is an energy infrastructure company based in Tulsa, Okla.
| Issuer: | Williams Cos., Inc.
|
| Amount: | $2.1 billion
|
| Issue: | Senior notes
|
| Bookrunners: | Barclays, Citigroup Global Markets Inc., Truist Securities, Inc. and Wells Fargo Securities, LLC
|
| Trustee: | Bank of New York Mellon Trust Co., NA
|
| Counsel to issuer: | Gibson, Dunn & Crutcher LLP
|
| Counsel to underwriters: | Weil, Gotshal and Manges LLP
|
| Trade date: | Jan. 2
|
| Settlement date: | Jan. 5
|
| Ratings: | S&P: BBB
|
| Fitch: BBB
|
| Distribution: | SEC registered
|
|
|
| 2029 notes
|
| Amount: | $1.1 billion
|
| Maturity: | 2029
|
| Coupon: | 4.9%
|
| Price: | 99.839
|
| Call features: | Make-whole call; par call
|
|
|
| 2034 notes
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| Amount: | $1 billion
|
| Maturity: | 2034
|
| Coupon: | 5.15%
|
| Price: | 99.975
|
| Call features: | Make-whole call; par call
|
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