TULSA, Okla. -- (Business Wire)
Northwest Pipeline LLC (“Northwest”), a wholly owned subsidiary of
Williams Partners L.P. (NYSE: WPZ), announced that it has priced its
previously announced offering of senior notes.
The $250 million in aggregate principal amount of senior notes due 2027,
scheduled to be delivered on April 3, 2017, were priced with a 4.000
percent coupon and at an offering price of 99.641 percent of par, with a
yield to investors of 4.044 percent.
Northwest intends to use the net proceeds from the offering to repay its
$185 million of 5.95% Senior Notes due 2017 upon their maturity on April
15, 2017, and for general corporate purposes.
The notes are being offered pursuant to certain exemptions from
registration under the Securities Act of 1933, as amended (the
“Securities Act”). The offering of the notes has not been registered
under the Securities Act or applicable state securities laws. The notes
may not be offered or sold in the United States absent registration or
an applicable exemption from such registration requirements.
This press release is for informational purposes only and does not
constitute an offer to sell or a solicitation of an offer to buy the
notes described in this press release, nor shall there be any sale of
the notes in any state or jurisdiction in which such an offer, sale or
solicitation would be unlawful prior to registration or qualification
under the securities laws of such jurisdiction.
Portions of this document may constitute “forward-looking statements” as
defined by federal law. Although Northwest believes any such statements
are based on reasonable assumptions, there is no assurance that actual
outcomes will not be materially different. Additional information about
issues that could lead to material changes in performance is contained
in Northwest’s annual and quarterly reports filed with the Securities
and Exchange Commission.
About Williams Partners
Williams Partners is an industry-leading, large-cap natural gas
infrastructure master limited partnership with a strong growth outlook
and major positions in key U.S. supply basins. Williams Partners has
operations across the natural gas value chain from gathering, processing
and interstate transportation of natural gas and natural gas liquids to
petchem production of ethylene, propylene and other olefins. Williams
Partners owns and operates more than 33,000 miles of pipelines system
wide – including the nation’s largest volume and fastest growing
pipeline – providing natural gas for clean-power generation, heating and
industrial use. Williams Partners’ operations touch approximately 30
percent of U.S. natural gas. Tulsa, Okla.-based Williams (NYSE: WMB), a
premier provider of large-scale U.S. natural gas infrastructure, owns
approximately 74 percent of Williams Partners.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170329006205/en/
Contacts:
Williams Partners L.P
Media Contact:
Keith Isbell,
918-573-7308
or
Investor Contacts:
John Porter,
918-573-0797
or
Brett Krieg, 918-573-4614
Source: Williams Partners L.P
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