Williams tapping market Thursday for benchmark 10-year senior notes

By Andrea Heisinger

New York, Dec. 13 - Williams Cos. Inc. is set to price a benchmark-size sale of 10-year senior notes (Baa3/BBB-/BBB-) on Thursday, according to an informed source and a filing with the Securities and Exchange Commission.

Bookrunners are Barclays, Citigroup Global Markets Inc. and UBS Securities LLC.

Proceeds will be used, along with borrowings under a revolving credit facility and bridge facility if needed, to fund consideration for the investment in equity interest of Access Midstream Partners LP.

There is a mandatory call at 101 if the investment is not closed by May 15, 2013.

Williams last tapped the U.S. bond market in a $600 million split-rated sale of 8.75% 11-year notes priced at Treasuries plus 590.5 basis points on Feb. 26, 2009.

Tulsa, Okla.-based Williams finds, produces, gathers, processes and transports natural gas.

© 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.