Williams Partners L.P. Closes Public Offering of Common Units
Williams Partners L.P. Closes Public Offering of Common Units
TULSA, Okla.--(BUSINESS WIRE)-- Williams Partners L.P. today announced the closing of its previously announced public offering of 24,725,000 common units representing limited-partner interests at $49.00 per unit. That amount includes 3,225,000 common units purchased pursuant to the full exercise of the underwriter's option to purchase additional common units.
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. Williams Partners expects that the completion of this transaction satisfies its planned 2013 equity financing needs and, as a result, the partnership does not intend to issue any additional equity through the balance of 2013.
This news release is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
About Williams Partners L.P. (NYSE: WPZ)
Williams Partners L.P. is a leading diversified master limited partnership focused on natural gas transportation; gathering, treating, and processing; storage; natural gas liquid (NGL) fractionation; and oil transportation. The partnership owns interests in three major interstate natural gas pipelines that, combined, deliver 14 percent of the natural gas consumed in the United States. The partnership's gathering and processing assets include large-scale operations in the U.S. Rocky Mountains and both onshore and offshore along the Gulf of Mexico. Williams (NYS: WMB) owns approximately 68 percent of Williams Partners, including the general-partner interest. More information is available at www.williamslp.com, where the partnership routinely posts important information.
Portions of this document may constitute "forward-looking statements" as defined by federal law. Although the partnership 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 the partnership's annual reports filed with the Securities and Exchange Commission.
Williams Partners L.P.
Media Contact:
Tom Droege, 918-573-4034
or
Investor Contacts:
John Porter, 918-573-0797
or
Sharna Reingold, 918-573-2078
KEYWORDS: United States North America Oklahoma
INDUSTRY KEYWORDS:
The article Williams Partners L.P. Closes Public Offering of Common Units originally appeared on Fool.com.
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