WILLIAMS COMPANIES, INC. (WMB): debt financing — Northwest Pipeline enters $250M credit facility; refinances maturing 7.125% notes

WILLIAMS COMPANIES, INC.

$250M term loan entered Dec 1, 2025, used to repay 7.125% senior notes due same day.
Loan matures Dec 1, 2028; interest based on SOFR or ABR plus spread tied to credit ratings.
Financial covenant caps debt-to-capitalization ratio at 65%, tested quarterly.
Proceeds also available for working capital, acquisitions, and general corporate purposes.
Credit agreement with PNC Bank as administrative agent; includes customary covenants and events of default.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

WILLIAMS COMPANIES, INC. incurred term loan of $250 million with PNC Bank, National Association maturing third anniversary of the Credit Agreement Effective Date.

Instrument: term loan
Principal: $250 million
Counterparty: PNC Bank, National Association
Maturity: third anniversary of the Credit Agreement Effective Date
Event: incurrence

Exact text from the filing

The Company borrowed $250 million under the Credit Agreement as term loans made on the Credit Agreement Effective Date.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

WILLIAMS COMPANIES, INC. entered into Credit Agreement with PNC Bank, National Association (as administrative agent) and lenders named therein valued at $250 million (effective 2025-12-01).

Action: entry
Agreement: credit facility
Counterparty: PNC Bank, National Association (as administrative agent) and lenders named therein
Value: $250 million
Effective: 2025-12-01

Exact text from the filing

On December 1, 2025 (the “Credit Agreement Effective Date”), Northwest Pipeline LLC (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) with the lenders named therein and PNC Bank, National Association (“PNC”), as administrative agent.

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WILLIAMS COMPANIES, INC. filing history →

Source: SEC EDGAR

accession 0001193125-25-304001

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