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Williams Partners L.P. Announces Public Offering Of Common Units

Williams Partners (NYSE: WPZ) announced today that it intends to commence an underwritten public offering of 8,500,000 common units representing limited-partner interests. The units will be offered by Williams Partners pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission.

The underwriters have been granted a 30-day option to purchase up to an additional 1,275,000 common units.

Williams Partners plans to use the net proceeds from the offering to repay amounts outstanding under the partnership’s credit facility. Borrowings under the credit facility were used to fund capital expenditures and working capital. To the extent there are net proceeds from this offering in excess of the outstanding balance under the credit facility, they will be used for general partnership purposes.

Barclays, Citigroup, BofA Merrill Lynch, Morgan Stanley, UBS Investment Bank, Jefferies, Credit Suisse and Wells Fargo are acting as joint book-running managers. In addition, J.P. Morgan; Goldman, Sachs & Co.; Deutsche Bank Securities; RBC Capital Markets; and Raymond James have been named as co-managing underwriters.

This news release is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful. A copy of the preliminary prospectus supplement and related base prospectus may be obtained on the SEC website at www.sec.gov or from any of the underwriters, including:

Barclays
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Phone: 888-603-5847

E-mail: Barclaysprospectus@broadridge.com

 
Citigroup
Attention: Prospectus Delivery Department
Brooklyn Army Terminal
140 58th Street, 8th floor
Brooklyn, NY 11220
Phone: 800-831-9146

Email: batprospectusdept@citi.com

 
BofA Merrill Lynch
4 World Financial Center
New York, NY 10080
Attn: Prospectus Department

E-mail dg.prospectus_requests@baml.com

 
Morgan Stanley
Attn: Prospectus Department
180 Varick Street, 2nd Floor
New York, NY 10014

Email: prospectus@morganstanley.com

Phone: 866-718-1649
 
UBS Investment Bank
Attention: Prospectus Department
299 Park Avenue
New York, NY 10171
Phone: 888-827-7275
 
Jefferies
520 Madison Avenue, 12th Floor
New York, NY 10022

Email: Prospectus_Department@Jefferies.com

Phone: 877-547-6340
 

Credit Suisse Securities (USA) LLC

Attention: Prospectus Department
One Madison Avenue
New York, NY 10010

Email: newyork.prospectus@credit-suisse.com

Phone: (800) 221-1037
 
Wells Fargo Securities
Attn: Equity Syndicate Dept.
375 Park Avenue
New York, NY 10152

Email: cmclientsupport@wellsfargo.com

Phone: 800-326-5897

Portions of this document may constitute "forward-looking statements" as defined by federal law. Although the partnership believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the "safe harbor" protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the partnership's annual reports filed with the Securities and Exchange Commission.

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