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.

View on SEC.gov

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.

View on SEC.gov

26 debt financings filed in the last 30 days. Browse all debt financings →

WILLIAMS COMPANIES, INC. filing history →

Source: SEC EDGAR

accession 0001193125-25-304001

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.