Northwest Pipeline LLC Initiates Private Debt Issuance
March 29 2017 - 8:50AM
Business Wire
Northwest Pipeline LLC (“Northwest”), a wholly owned subsidiary
of Williams Partners L.P. (NYSE: WPZ), announced today that it is
offering senior notes to certain institutional investors. The notes
will be offered pursuant to certain exemptions from registration
under the Securities Act of 1933, as amended (the “Securities
Act”).
Northwest intends to use the net proceeds from the offering to
repay its $185 million of 5.95% Senior Notes due 2017 upon their
maturity on April 15, 2017, and for general corporate purposes.
The offering of the notes has not been registered under the
Securities Act or applicable state securities laws. The notes may
not be offered or sold in the United States absent registration or
an applicable exemption from such registration requirements.
This press release is for informational purposes only and does
not constitute an offer to sell or a solicitation of an offer to
buy the notes described in this press release, nor shall there be
any sale of the notes in any state or jurisdiction in which such an
offer, sale or solicitation would be unlawful prior to registration
or qualification under the securities laws of such
jurisdiction.
Portions of this document may constitute “forward-looking
statements” as defined by federal law. Although Northwest believes
any such statements are based on reasonable assumptions, there is
no assurance that actual outcomes will not be materially different.
Additional information about issues that could lead to material
changes in performance is contained in Northwest’s annual and
quarterly reports filed with the Securities and Exchange
Commission.
About Williams Partners
Williams Partners is an industry-leading, large-cap natural gas
infrastructure master limited partnership with a strong growth
outlook and major positions in key U.S. supply basins. Williams
Partners has 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. 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. Tulsa, Okla.-based Williams (NYSE: WMB), a
premier provider of large-scale U.S. natural gas infrastructure,
owns approximately 74 percent of Williams Partners.
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version on businesswire.com: http://www.businesswire.com/news/home/20170329005675/en/
Williams Partners L.P.Media Contact:Keith Isbell,
918-573-7308orInvestor Contacts:John Porter,
918-573-0797orBrett Krieg, 918-573-4614
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