Williams Partners completes $3B offering of senior notes

Williams Partners LP (NYSE: WPZ) has completed a public offering of $1.25 billion of its 3.6% senior notes due March 2022, $750 million of its 4.0% senior notes due September 2025, and $1 billion of its 5.1% senior notes due September 2045.

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

Barclays, BofA Merrill Lynch, and Wells Fargo Securities acted as joint book-running managers for the offering.

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