Williams Companies enters into $3.75B credit agreement and $1.0B 364-day credit agreement

NORTHWEST PIPELINE LLC

Williams, Northwest Pipeline, and Transco entered a $3.75B second amended and restated credit agreement with Wells Fargo as admin agent on May 19, 2026.
Borrowers also entered a $1.0B 364-day credit agreement with Citibank as admin agent on same date.
The $3.75B facility includes a $500M sublimit for Northwest and Transco each, and allows up to $200M swingline borrowings.
Credit agreements include financial covenants: debt/EBITDA <=5.00x (or 5.50x post-acquisition) and debt-to-capitalization <=65% for Transco and Northwest.
Borrowers may request extension of maturity up to two times for the $3.75B facility, extending to seven years.

Key facts

Extracted from this filing and checked against the source text.

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

NORTHWEST PIPELINE LLC entered into 364-Day Credit Agreement with Citibank, N.A. valued at up to $1.0 billion (effective 2026-05-19).

Action: entry
Agreement: credit facility
Counterparty: Citibank, N.A.
Value: up to $1.0 billion
Effective: 2026-05-19

Exact text from the filing

On the Credit Agreement Effective Date, each of the Borrowers also entered into a 364-Day Credit Agreement (the “364-Day Credit Agreement”) with the lenders named therein and Citibank, N.A. (“Citibank”), as administrative agent.

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

NORTHWEST PIPELINE LLC entered into Second Amended and Restated Credit Agreement with Wells Fargo Bank, National Association valued at up to $3.75 billion (effective 2026-05-19).

Action: entry
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association
Value: up to $3.75 billion
Effective: 2026-05-19

Exact text from the filing

On May 19, 2026 (the “Credit Agreement Effective Date”), The Williams Companies, Inc. (the “Company”), Northwest Pipeline LLC (“Northwest”) and Transcontinental Gas Pipe Line Company, LLC (“Transco” and, together with the Company and Northwest, the “Borrowers”) entered into a Second Amended and Restated Credit Agreement (the “Credit Agreement”) with the lenders named therein and Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent.

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Source: SEC EDGAR

accession 0001193125-26-232714

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