Williams Partners completes $1.5 B offering of senior notes

Williams Partners

Williams Partners (NYSE:WPZ) has completed a public offering of $1 billion of its 4.3% senior notes due 2024 at a price of 99.791% of par and $500 million of its 5.4% senior notes due 2044 at a price of 99.676% of par.

Williams Partners plans to use the net proceeds from the offering to repay amounts outstanding under the partnership’s commercial paper program, to fund capital expenditures and for general partnership purposes.

BofA Merrill Lynch, Deutsche Bank Securities, and RBC Capital Markets acted as joint book-running managers for the offering.

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