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Williams to pay down credit facilities with $1.06 billion asset sale
By Wendy Van Sickle
Columbus, Ohio, Sept. 23 – Williams Cos., Inc. and Williams Partners LP plan to use proceeds from the $1.06 billion sale of their Canadian businesses to pay down their credit facilities, according to a press release.
Williams is expected to get about $839 million from the newly closed asset sale and Williams Partners about $220 million.
Williams is a Tulsa, Okla.-based energy infrastructure company.
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