TULSA, Okla.–(BUSINESS WIRE)–The Williams Companies, Inc. (NYSE: WMB) (the “Company”) announced today that it has issued a notice of redemption (the “Notice of Redemption”) to holders of the Company’s 5.50 percent Junior Subordinated Convertible Debentures due 2033 (the “Debentures”), stating that the Company will redeem all $141,400 of the aggregate principal amount of the outstanding Debentures for cash on April 11, 2016 (the “Redemption Date”) at a redemption price equal to 100.00 percent of the principal amount of the Debentures. Accrued and unpaid Interest (including deferred interest) on the Debentures up to (but excluding) the Redemption Date will be paid on the Redemption Date.
Additional information concerning the terms and conditions of the redemption are fully described in the Notice of Redemption. Beneficial holders with any questions about the redemption should contact their respective brokerage firm or financial institution.
This press release is for informational purposes only and does not constitute an offer to purchase the Debentures or any other securities.
Williams (NYSE: WMB) is a premier provider of large-scale infrastructure connecting North American natural gas and natural gas products to growing demand for cleaner fuel and feedstocks. Headquartered in Tulsa, Okla., Williams owns approximately 60 percent of Williams Partners L.P. (NYSE: WPZ), including all of the 2 percent general-partner interest. Williams Partners is an industry-leading, large-cap master limited partnership with operations across the natural gas value chain from gathering, processing and interstate transportation of natural gas and natural gas liquids to petchem production of ethylene, propylene and other olefins. With major positions in top U.S. supply basins and also in Canada, Williams Partners owns and operates more than 33,000 miles of pipelines system wide – including the nation’s largest volume and fastest growing pipeline – providing natural gas for clean-power generation, heating and industrial use. Williams Partners’ operations touch approximately 30 percent of U.S. natural gas. www.williams.com
Portions of this document may constitute “forward-looking statements” as defined by federal law. Although Williams Partners believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in Williams Partners’ annual reports filed with the Securities and Exchange Commission.