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Williams gets $500 million amended and restated credit facility
By Sara Rosenberg
New York, Jan. 26 - The Williams Cos. Inc. closed on an amended and restated $500 million five-year credit facility, according to an 8-K filed with the Securities and Exchange Commission. Citigroup is the agent on the deal.
The $400 million revolving credit facility has a fixed-facility fee at a rate of 3.18% on the total committed amount, and the $100 million revolving credit facility has a fixed-facility fee at a rate of 3.25% on the total committed amount.
The facility, which closed on Jan. 20, basically eliminated or loosened covenants and certain events of default that were found in the previous credit agreement, the filing added.
Williams is Tulsa, Okla., transporter and seller of natural gas and petroleum products.
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