Exhibit 99.1
| | | | |
![LOGO](https://capedge.com/proxy/8-K/0001193125-22-214295/g378825g0806020834918.jpg) | | Williams (NYSE: WMB) One Williams Center Tulsa, OK 74172 800-Williams www.williams.com | | ![LOGO](https://capedge.com/proxy/8-K/0001193125-22-214295/g378825g0806020450819.jpg) |
DATE: August 3, 2022
| | | | |
MEDIA: | | INVESTOR CONTACTS: | | |
media@williams.com (800) 945-8723
| | Danilo Juvane (918) 573-5075
| | Grace Scott (918) 573-1092 |
Williams Prices $1.75 Billion of Senior Notes
TULSA, Okla. – Williams (NYSE: WMB) announced today that it has priced a public offering of $1.00 billion of its 4.650% Senior Notes due 2032 at a price of 99.635 percent of par and $750 million of its 5.300% Senior Notes due 2052 at a price of 99.954 percent of par. The expected settlement date for the offering is August 8, 2022, subject to customary closing conditions.
Williams intends to use the net proceeds of the offering for general corporate purposes, which may include the repayment of our outstanding commercial paper notes and near-term debt maturities.
BofA Securities, Inc., Citigroup Global Markets Inc., PNC Capital Markets LLC, and Scotia Capital (USA) 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.
200 North College Street
NC1-004-03-43
Charlotte NC 28255-0001
Attn: Prospectus Department
Toll-free: 1-800-294-1322
E-mail: dg.prospectus_requests@bofa.com
Citigroup Global Markets Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Telephone: 1 (800) 831-9146
Email at prospectus@citi.com