secwatch.observer — SEC 8-K summary
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Issuer:     NORTHWEST PIPELINE LLC (—)
CIK:        0000110019
Form:       8-K
Filed at:   2026-05-20T20:33:45+00:00
Accession:  0001193125-26-232714
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/110019/000119312526232714/0001193125-26-232714-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/99250/000119312526232714/d227957d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-232714

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