Summary
Williams Companies, Inc. (WMB) filed an 8-K on August 7, 2022, to disclose key details regarding a significant debt offering. The company successfully priced an underwritten public offering of $1 billion in aggregate principal amount of 4.650% Senior Notes due 2032 and $750 million in aggregate principal amount of 5.300% Senior Notes due 2052, totaling $1.75 billion. This offering, managed by prominent underwriters including BofA Securities and Citigroup Global Markets, is expected to close on August 8, 2022. The issuance is registered under the Securities Act via a Form S-3 registration statement.
Key Highlights
- 1Williams Companies (WMB) priced a public offering of $1.75 billion in senior notes.
- 2The offering includes $1 billion of 4.650% Senior Notes due 2032.
- 3The offering also includes $750 million of 5.300% Senior Notes due 2052.
- 4The company entered into an underwriting agreement with several representatives, including BofA Securities, Inc., Citigroup Global Markets Inc., PNC Capital Markets LLC, and Scotia Capital (USA) Inc.
- 5The offering is expected to close on August 8, 2022.
- 6The debt issuance is registered under the Securities Act on Form S-3.
- 7The notes will be issued under an indenture supplemented by a Sixth Supplemental Indenture.