Transco Commences Registered Exchange Offer for its 7.85% Senior Notes Due 2026
December 05 2016 - 10:30AM
Business Wire
Transcontinental Gas Pipe Line Company, LLC (“Transco”), a
wholly owned subsidiary of Williams Partners L.P. (NYSE: WPZ),
announced today that it has commenced an offer to exchange any and
all of its $1 billion in aggregate principal amount of outstanding
7.85 percent Senior Notes due 2026 (the “Original Notes”) for an
equal amount of its registered 7.85 percent Senior Notes due 2026
(the “Exchange Notes”).
The terms of the Exchange Notes are identical in all material
respects to those of the Original Notes, except that the Exchange
Notes have been registered under the Securities Act of 1933, as
amended, and the transfer restrictions, registration rights and
additional interest provisions relating to the Original Notes do
not apply to the Exchange Notes. The purpose of the Exchange Offer
is to fulfill Transco’s obligations under the registration rights
agreement entered into in connection with the issuance of the
Original Notes. Transco will not receive any proceeds from the
exchange offer.
The exchange offer will expire at 5:00 p.m. Eastern
Standard Time (EST) on Jan. 4, 2017, unless extended (such
date and time, as may be extended, the “Expiration Date”). The
settlement date for the exchange offer will occur promptly
following the Expiration Date. The terms of the exchange offer and
other information relating to Transco and the Exchange Notes are
set forth in a prospectus dated Dec. 5, 2016, a copy of which has
been filed with the Securities and Exchange Commission. Transco has
not authorized any person to provide information other than as set
forth in the prospectus.
Copies of the prospectus and the transmittal letter governing
the exchange offer can be obtained from the exchange agent, The
Bank of New York Mellon Trust Company, N.A., by faxing a request to
(732) 667-9408 or by writing via regular or certified mail, or
overnight courier, to The Bank of New York Mellon Trust Company,
N.A., Corporate Trust Operations—Reorganization Unit, 111 Sanders
Creek Parkway, East Syracuse, New York 13057.
This press release is for informational purposes only and does
not constitute an offer to sell nor a solicitation of an offer to
buy any security. The exchange offer is being made solely pursuant
to the prospectus dated Dec. 5, 2016, including any supplements
thereto, and only to such persons and in such jurisdictions as is
permitted under applicable law.
About Williams Partners
Williams Partners (NYSE: WPZ) 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 60 percent of Williams Partners, including all of the 2
percent general-partner interest. www.williams.com
Portions of this document may constitute “forward-looking
statements” as defined by federal law. Although Transco 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 Transco’s annual and
quarterly reports filed with the Securities and Exchange
Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20161205005846/en/
Williams PartnersMedia Contact:Keith Isbell,
918-573-7308orInvestor Contacts:John Porter,
918-573-0797orBrett Krieg, 918-573-4614
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