Exhibit 99.1
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| | Williams (NYSE: WMB) One Williams Center Tulsa, OK 74172 800-Williams www.williams.com | | | | |
DATE: Thursday, February 25, 2021
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MEDIA: | | INVESTOR CONTACTS: | | | | |
media@williams.com (800) 945-8723 | | Danilo Juvane (918) 573-5075 | | | | |
Williams Prices $900 Million of Senior Notes
TULSA, Okla. – Williams (NYSE: WMB) announced today that it has priced a public offering of $900 million of its 2.600% Senior Notes due 2031 at a price of 99.631 percent of par. The expected settlement date for the offering is March 2, 2021, subject to customary closing conditions.
Williams intends to use the net proceeds of the offering to repay its $500 million of 4.00% Senior Notes due 2021 and its $371 million of 7.875% Senior Notes due 2021 and for general corporate purposes.
RBC Capital Markets, LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc. and TD Securities (USA) LLC 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:
RBC Capital Markets, LLC
200 Vesey Street, 8th Floor
New York, NY 10281
Attention: DCM Transaction Management
Telephone: 1-866-375-6829
Mizuho Securities USA LLC
1271 Avenue of the Americas, 3rd Floor
New York, NY 10020
Attention: Debt Capital Markets Desk
Telephone: 1-866-271-7403
MUFG Securities Americas Inc.
1221 Avenue of the Americas, 6th Floor
New York, NY 10020
Attention: Capital Markets Group
Telephone: 1-877-649-6848