debt
confidence high
sentiment neutral
materiality 0.75
Williams issues $2.75B in three-tranche senior notes offering
WILLIAMS COMPANIES, INC.
- $500M 5.650% notes due 2033 (additional issuance), $1.25B 5.150% notes due 2036, $1B 5.950% notes due 2056.
- Total principal $2.75B; notes are senior unsecured obligations ranking equally with other senior debt.
- Redeemable at make-whole premium prior to Dec 2032/2035/Sep 2055, then at par.
- Issued under existing indenture with Bank of New York Mellon as trustee; covenants restrict liens and mergers.