---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-304001"
form_type: "8-K"
ticker: "WMB"
cik: "0000107263"
company_name: "WILLIAMS COMPANIES, INC."
filed_at: "2025-12-01T23:59:59+00:00"
generated_at: "2026-05-16T15:50:47.372743+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Northwest Pipeline enters $250M credit facility; refinances maturing 7.125% notes

## Summary
- $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.

## SEC filing metadata
- accession: 0001193125-25-304001
- form_type: 8-K
- ticker: WMB
- cik: 0000107263
- company_name: WILLIAMS COMPANIES, INC.
- filed_at: 2025-12-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/107263/000119312525304001/0001193125-25-304001-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/107263/000119312525304001/d82372d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-304001
- JSON: https://secwatch.observer/filing/0001193125-25-304001.json
- Plain text: https://secwatch.observer/filing/0001193125-25-304001.txt

## Key facts
- Debt Financings
  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
  source text: The Company borrowed $250 million under the Credit Agreement as term loans made on the Credit Agreement Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/107263/000119312525304001/0001193125-25-304001-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.