Williams (WMB) Prices $1.25B Notes Offering

Williams (NYSE: WMB) announced today that it has priced a public offering of $350 million of its 5.400% Senior Notes due 2026 (the “new 2026 notes”) at a price of 100.181 percent of par and $900 million of its 5.300% Senior Notes due 2028 at a price of 99.886 percent of par. The new 2026 notes are an additional issuance of Williams’ 5.400% Senior Notes due 2026 issued on March 2, 2023 and will trade interchangeably with the $750 million aggregate principal amount of such notes outstanding, resulting in $1.1 billion aggregate principal amount of such notes outstanding. The expected settlement date for the offering is August 10, 2023, 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 near-term debt maturities.

CIBC World Markets Corp., MUFG Securities Americas Inc., RBC Capital Markets, LLC 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.

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