TULSA, Okla. — Williams (NYSE:WMB) today announced it is planning a private placement of $275 million aggregate principal amount of junior subordinated convertible debentures due 2030 to certain qualified institutional buyers under the Securities Act of 1933. Williams will also grant the initial purchaser of the debentures an option to purchase up to an additional $25 million aggregate principal amount of the debentures.
Williams intends to use the net proceeds from the offering to fund the repurchase, also announced today, of the convertible preferred stock currently held by a subsidiary of MidAmerican Energy Holdings Company.
The securities to be offered have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or solicitation of an offer to buy such notes and is issued pursuant to Rule 135c under the Securities Act of 1933.
About Williams (NYSE:WMB)
Williams, through its subsidiaries, primarily finds, produces, gathers, processes and transports natural gas. Williams’ gas wells, pipelines and midstream facilities are concentrated in the Northwest, Rocky Mountains, Gulf Coast and Eastern Seaboard. More information is available at www.williams.com.
Contact Information:
| Kelly Swan | Williams Media Relations | 918-573-6932 | |
| Courtney Baugher | Williams Investor Relations | 918-573-5768 | |
| Travis Campbell | Williams Investor Relations | 918-573-2944 |
