Williams Prices $1.5 Billion of Senior Notes
Williams (NYSE: WMB) has successfully priced a public offering of $1.5 billion in Senior Notes, comprising three tranches: $450 million of 4.800% notes due 2029, $300 million of 5.150% notes due 2034, and $750 million of 5.800% notes due 2054. The 2034 notes are an additional issuance, bringing the total outstanding to $1.3 billion. The offering is expected to settle on August 13, 2024.
The company plans to use the net proceeds to repay commercial paper, fund capital expenditures, and for general corporate purposes, including potential repayment of near-term debt maturities. BofA Securities, PNC Capital Markets, RBC Capital Markets, and SMBC Nikko Securities America are acting as joint book-running managers for the offering.
Williams (NYSE: WMB) ha completato con successo la determinazione del prezzo di un'offerta pubblica di 1,5 miliardi di dollari in Note Senior, suddivisa in tre tranche: 450 milioni di dollari di note al 4,800% in scadenza nel 2029, 300 milioni di dollari di note al 5,150% in scadenza nel 2034, e 750 milioni di dollari di note al 5,800% in scadenza nel 2054. Le note del 2034 rappresentano un'emissione aggiuntiva, portando il totale in circolazione a 1,3 miliardi di dollari. Si prevede che l'offerta si conclusa il 13 agosto 2024.
La società intende utilizzare il ricavato netto per restituire carta commerciale, finanziarie spese in conto capitale e per scopi aziendali generali, inclusa la potenziale restituzione di scadenze di debito a breve termine. BofA Securities, PNC Capital Markets, RBC Capital Markets e SMBC Nikko Securities America agiscono come gestori congiunti dell'offerta.
Williams (NYSE: WMB) ha fijado con éxito el precio de una oferta pública de 1,5 mil millones de dólares en Notas Senior, compuesta por tres tramos: 450 millones de dólares en notas al 4,800% que vencen en 2029, 300 millones de dólares en notas al 5,150% que vencen en 2034 y 750 millones de dólares en notas al 5,800% que vencen en 2054. Las notas de 2034 son una emisión adicional, lo que eleva el total pendiente a 1,3 mil millones de dólares. Se espera que la oferta se liquide el 13 de agosto de 2024.
La compañía planea utilizar los ingresos netos para pagar papel comercial, financiar gastos de capital y para fines corporativos generales, incluyendo la posible reembolso de vencimientos de deuda a corto plazo. BofA Securities, PNC Capital Markets, RBC Capital Markets y SMBC Nikko Securities America actúan como co-gestores de la oferta.
윌리엄스(Williams)(NYSE: WMB)는 15억 달러의 고급 채권 공모 가격을 성공적으로 책정하였습니다. 이 채권은 세 가지 분할로 구성됩니다: 2029년 만기 4.800% 채권 4억 5천만 달러, 2034년 만기 5.150% 채권 3억 달러, 2054년 만기 5.800% 채권 7억 5천만 달러입니다. 2034년 채권은 추가 발행으로, 총 미발행 금액은 13억 달러에 이릅니다. 이번 공모는 2024년 8월 13일에 마감될 것으로 예상됩니다.
회사는 순수익을 상업 어음을 상환하고, 자본 지출을 지원하며, 일반 기업 용도로 사용할 계획입니다. 여기에는 단기 부채의 만기를 상환할 가능성도 포함됩니다. BofA 증권, PNC 캐피탈 마켓, RBC 캐피탈 마켓 및 SMBC 니코 증권 아메리카가 공동으로 이 공모의 주관 관리자로 활동하고 있습니다.
Williams (NYSE: WMB) a réussi à fixer le prix d'une émission publique de 1,5 milliard de dollars en Obligations Seniors, composée de trois tranches : 450 millions de dollars d'obligations à 4,800 % échues en 2029, 300 millions de dollars d'obligations à 5,150 % échues en 2034, et 750 millions de dollars d'obligations à 5,800 % échues en 2054. Les obligations de 2034 constituent une émission supplémentaire, portant le total en circulation à 1,3 milliard de dollars. L'émission devrait se régler le 13 août 2024.
La société prévoit d'utiliser les produits nets pour rembourser du papier commercial, financer des dépenses d'investissement et à des fins générales de l'entreprise, y compris un éventuel remboursement des échéances de dette à court terme. BofA Securities, PNC Capital Markets, RBC Capital Markets et SMBC Nikko Securities America agissent en tant que co-responsables de la gestion de cette offre.
Williams (NYSE: WMB) hat erfolgreich einen öffentlichen Platzierungspreis für 1,5 Milliarden US-Dollar in Senior Notes festgesetzt, die sich aus drei Tranchen zusammensetzen: 450 Millionen US-Dollar in 4,800%-Anleihen mit Fälligkeit 2029, 300 Millionen US-Dollar in 5,150%-Anleihen mit Fälligkeit 2034 und 750 Millionen US-Dollar in 5,800%-Anleihen mit Fälligkeit 2054. Die Anleihen von 2034 sind eine zusätzliche Emission, die das gesamte ausstehende Volumen auf 1,3 Milliarden US-Dollar erhöht. Die Platzierung wird voraussichtlich am 13. August 2024 abgeschlossen sein.
Das Unternehmen plant, die Nettoerlöse zu zurückzahlen von Commercial Paper, zur Finanzierung von Investitionsausgaben und für allgemeine Unternehmenszwecke zu verwenden, einschließlich der möglichen Rückzahlung von kurzfristigen Schulden. BofA Securities, PNC Capital Markets, RBC Capital Markets und SMBC Nikko Securities America fungieren als gemeinsame Buchlaufmanager für die Platzierung.
- Successful pricing of $1.5 billion in Senior Notes
- Diverse maturity profile with notes due in 2029, 2034, and 2054
- Proceeds to be used for debt repayment and capital expenditures
- Increase in long-term debt obligations
Williams'
The offering's success indicates strong investor confidence in Williams' creditworthiness. The slight discount to par value suggests a balance between attracting investors and minimizing the company's cost of capital. The additional issuance of 2034 notes, increasing the total to
This debt offering by Williams, a major player in the natural gas infrastructure sector, signals confidence in the company's long-term growth prospects. The allocation of funds towards capital expenditures suggests ongoing investment in infrastructure projects, which is important for maintaining and expanding Williams' market position in the midstream energy sector.
The varied maturity dates (2029, 2034 and 2054) indicate a strategic approach to debt management, spreading out repayment obligations. This could provide Williams with financial flexibility to navigate potential industry volatility. The company's ability to secure long-term financing amidst the energy transition underscores investor faith in natural gas's role in the future energy mix.
Williams intends to use the net proceeds of the offering to repay its commercial paper, fund capital expenditures and for other general corporate purposes, which may include the repayment of its near-term debt maturities or other obligations.
BofA Securities, Inc., PNC Capital Markets LLC, RBC Capital Markets, LLC, and SMBC Nikko Securities America, 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.
An automatic shelf registration statement relating to the notes was previously filed with the Securities and Exchange Commission (the “SEC”) and became effective upon filing. Before you invest, you should read the prospectus in the registration statement and other documents Williams has filed with the SEC for more complete information about Williams and the offering. 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 by contacting:
BofA Securities, Inc.
201 North Tyron Street
NC1-022-02-25
Attention: Prospectus Department
Email: dg.prospectus_requests@bofa.com
PNC Capital Markets LLC
300 Fifth Avenue 10th Floor
Telephone: 1-855-881-0697
Email: pnccmprospectus@pnc.com
RBC Capital Markets, LLC
Brookfield Place
200 Vesey Street, 8th Floor
Toll-Free Number: (866) 375-6829
Email: rbcnyfixedincomeprospectus@rbccm.com
Attention: Syndicate Operations
SMBC Nikko Securities America, Inc.
277 Park Avenue
Attention: Debt Capital Markets
Toll Free: 1-888-868-6856
E-mail: prospectus@smbcnikko-si.com
About Williams
Williams (NYSE: WMB) is a trusted energy industry leader committed to safely, reliably, and responsibly meeting growing energy demand. We use our 33,000-mile pipeline infrastructure to move a third of the nation’s natural gas to where it's needed most, supplying the energy used to heat our homes, cook our food and generate low-carbon electricity. For over a century, we’ve been driven by a passion for doing things the right way. Today, our team of problem solvers is leading the charge into the clean energy future – by powering the global economy while delivering immediate emissions reductions within our natural gas network and investing in new energy technologies.
Portions of this document may constitute “forward-looking statements” as defined by federal law. Although Williams 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 Williams’ annual and quarterly reports filed with the SEC.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240808455950/en/
MEDIA:
media@williams.com
(800) 945-8723
INVESTOR CONTACTS:
Danilo Juvane
(918) 573-5075
Caroline Sardella
(918) 230-9992
Source: Williams
FAQ
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