Williams Partners L.P. (NYSE: WPZ) today announced that it has priced a public offering of $600 million of its 4.5 percent senior notes due 2023 at a price of 99.396 percent of par and $400 million of its 5.8 percent senior notes due 2043 at a price of 99.339 percent of par. The expected settlement date for the offering is Nov. 15.
Williams Partners plans to use the net proceeds from the offering to repay amounts outstanding under the partnership’s commercial paper program, to fund capital expenditures and for general partnership purposes.
J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBS Securities Inc. are acting as joint book-running managers for the offering.
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:
|J.P. Morgan Securities LLC|
|383 Madison Avenue|
|New York, NY 10179|
|Attention: Investment Grade Syndicate Desk 3rd floor|
|Tel: (212) 834-4533|
|Morgan Stanley & Co. LLC|
|New York, NY 10036|
|RBS Securities Inc.|
|600 Washington Blvd|
|Stamford, CT 06901|
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