TULSA, Okla.--(BUSINESS WIRE)--Williams Partners L.P. (NYSE: WPZ) today announced that it has priced a public offering of $1 billion of its 4.3 percent senior notes due 2024 at a price of 99.791 percent of par and $500 million of its 5.4 percent senior notes due 2044 at a price of 99.676 percent of par. The expected settlement date for the offering is March 4, 2014.
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.
BofA Merrill Lynch, Deutsche Bank Securities and RBC Capital Markets 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 prospectus supplement and prospectus relating to the offering may be obtained on the SEC website at www.sec.gov or from any of the underwriters including:
Merrill Lynch, Pierce, Fenner & Smith Incorporated
222
Broadway, 11th Floor
New York, New York 10038
Attention:
Prospectus Department
Tel: 1-800-294-1322
E-mail: dg.prospectus_requests@baml.com
Deutsche Bank Securities Inc.
60 Wall Street
New York, NY 10005
Tel:
1-800-503-4611
RBC Capital Markets, LLC
Three World Financial Center, 8th Floor
200
Vesey Street
New York, NY 10281
Attention: Transaction
Management
Tel: (866) 375-6829
About Williams Partners L.P. (NYSE: WPZ)
Williams Partners L.P. is a leading diversified master limited partnership focused on natural gas transportation; gathering, treating, and processing; storage; natural gas liquid (NGL) fractionation; and oil transportation. The partnership owns interests in three major interstate natural gas pipelines that, combined, deliver 14 percent of the natural gas consumed in the United States. The partnership’s gathering and processing assets include large-scale operations in the U.S. Rocky Mountains and both onshore and offshore along the Gulf of Mexico. Williams (NYSE: WMB) owns approximately 64 percent of Williams Partners, including the general-partner interest. More information is available at www.williamslp.com, where the partnership routinely posts important information.
Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the company 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 company’s annual reports filed with the Securities and Exchange Commission.
