Williams Companies IncWMB
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Pricing $2.75B senior notes increases debt and interest costs, though proceeds repay commercial paper.
Impact on stocks 1
Energy Transition & Power Demand
Williams Companies IncWilliams has priced a $2.75 billion public offering of senior notes across four tranches, including $500 million of 5.000% notes due 2029, $1.0 billion of 5.600% notes due 2033, $750 million of 5.800% notes due 2036, and $500 million of 6.400% notes due 2056. The notes were priced at 99.931%, 99.999%, 99.819%, and 99.800% of par, respectively. Settlement is expected on September 10, subject to customary conditions. Williams plans to use the net proceeds to repay outstanding commercial paper and for general corporate purposes, including capital expenditures.
Williams Companies IncPricing $2.75B senior notes increases debt and interest costs, though proceeds repay commercial paper.