Williams Partners L.P. Prices USD 1.5 Billion of Senior Notes
OREANDA-NEWS. Williams Partners L.P. (NYSE: WPZ) today announced that it has priced a public offering of USD 1 billion of its 4.3 percent senior notes due 2024 at a price of 99.791 percent of par and USD 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
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