Attached files
file | filename |
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8-K - FORM 8-K - Williams Partners L.P. | c61171e8vk.htm |
EX-1.1 - EX-1.1 - Williams Partners L.P. | c61171exv1w1.htm |
EX-4.1 - EX-4.1 - Williams Partners L.P. | c61171exv4w1.htm |
EX-4.2 - EX-4.2 - Williams Partners L.P. | c61171exv4w2.htm |
EX-5.1 - EX-5.1 - Williams Partners L.P. | c61171exv5w1.htm |
Exhibit 99.1
Williams Partners L.P. (NYSE: WPZ) One Williams Center Tulsa, OK 74172 800-600-3782 www.williamslp.com |
DATE: Nov. 2, 2010
MEDIA CONTACT:
|
INVESTOR CONTACT: | |
Steve Higgins
|
Sharna Reingold | |
(918) 573-2618
|
(918) 573-2078 |
Williams Partners L.P. Prices $600 Million of Senior Notes
TULSA, Okla. Williams Partners L.P. (NYSE: WPZ) today announced that it has priced a public
offering of $600 million of its 4.125% senior notes due 2020 at a price of 99.991% of par. The
expected settlement date for the offering is Nov. 9.
Williams Partners expects to use the net proceeds from the offering to fund a portion of the cash
consideration to be paid in the acquisition of Williams (NYSE: WMB) gathering and processing
assets in Colorados Piceance Basin, as announced on Oct. 28.
Deutsche Bank Securities, J.P. Morgan, and RBC Capital Markets are acting as joint book-running
managers for the offering, and Mitsubishi UFJ Securities, Mizuho Securities USA Inc., TD
Securities, The Williams Capital Group, L.P., and US Bancorp are acting as co-managers.
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. A copy of the preliminary prospectus supplement and
related base prospectus may be obtained on the SEC website at www.sec.gov or from the
underwriters by calling Deutsche Bank Securities Inc. at (800) 503-4611, J.P. Morgan Securities LLC
collect at (212) 834-4533 or RBC Capital Markets, LLC at (866) 375-6829.
About Williams Partners L.P. (NYSE: WPZ)
Williams Partners L.P. is a leading diversified master limited partnership focused on natural gas
transportation; gathering, treating, and processing; storage; natural gas liquid (NGL)
fractionation; and oil transportation. The partnership owns interests in three major interstate
natural gas pipelines that, combined, deliver 12 percent of the natural gas consumed in the United
States. The partnerships gathering and processing assets include large-
scale operations in the
U.S. Rocky Mountains and both onshore and offshore along the Gulf of Mexico. Williams
(NYSE: WMB) owns approximately 77 percent of Williams Partners, including the general-partner
interest. More information is available at www.williamslp.com. Go to
http://www.b2i.us/irpass.asp?BzID=1296&to=ea&s=0 or
http://www.b2i.us/irpass.asp?BzID=630&to=ea&s=0 to join our email list.
# # #
Portions of this document may constitute forward-looking statements as defined by federal
law. Although the partnership believes any such statements are based on reasonable assumptions,
there is no assurance that actual outcomes will not be materially different. Any such statements
are made in reliance on the safe harbor protections provided under the Private Securities Reform
Act of 1995. Additional information about issues that could lead to material changes in performance
is contained in the partnerships annual reports filed with the Securities and Exchange Commission.