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Press release from Business Wire

Williams Partners L.P. Announces Public Offering of Common Units

Tuesday, August 07, 2012

Williams Partners L.P. Announces Public Offering of Common Units16:12 EDT Tuesday, August 07, 2012 TULSA, Okla. (Business Wire) -- Williams Partners (NYSE: WPZ) announced today that it intends to commence an underwritten public offering of 8,500,000 common units representing limited-partner interests. The units will be offered by Williams Partners pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission. The underwriters have been granted a 30-day option to purchase up to an additional 1,275,000 common units. Williams Partners plans to use the net proceeds from the offering to repay amounts outstanding under the partnership's credit facility. Borrowings under the credit facility were used to fund capital expenditures and working capital. To the extent there are net proceeds from this offering in excess of the outstanding balance under the credit facility, they will be used for general partnership purposes. Barclays, Citigroup, BofA Merrill Lynch, Morgan Stanley, UBS Investment Bank, Jefferies, Credit Suisse and Wells Fargo are acting as joint book-running managers. In addition, J.P. Morgan; Goldman, Sachs & Co.; Deutsche Bank Securities; RBC Capital Markets; and Raymond James have been named as co-managing underwriters. 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. A copy of the preliminary prospectus supplement and related base prospectus may be obtained on the SEC website at www.sec.gov or from any of the underwriters, including: Barclays c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 Phone: 888-603-5847 E-mail: Barclaysprospectus@broadridge.com   Citigroup Attention: Prospectus Delivery Department Brooklyn Army Terminal 140 58th Street, 8th floor Brooklyn, NY 11220 Phone: 800-831-9146 Email: batprospectusdept@citi.com   BofA Merrill Lynch 4 World Financial Center New York, NY 10080 Attn: Prospectus Department E-mail dg.prospectus_requests@baml.com   Morgan Stanley Attn: Prospectus Department 180 Varick Street, 2nd Floor New York, NY 10014 Email: prospectus@morganstanley.com Phone: 866-718-1649   UBS Investment Bank Attention: Prospectus Department 299 Park Avenue New York, NY 10171 Phone: 888-827-7275   Jefferies 520 Madison Avenue, 12th Floor New York, NY 10022 Email: Prospectus_Department@Jefferies.com Phone: 877-547-6340   Credit Suisse Securities (USA) LLC Attention: Prospectus Department One Madison Avenue New York, NY 10010 Email: newyork.prospectus@credit-suisse.com Phone: (800) 221-1037   Wells Fargo Securities Attn: Equity Syndicate Dept. 375 Park Avenue New York, NY 10152 Email: cmclientsupport@wellsfargo.com Phone: 800-326-5897 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. 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 (NYSE: WMB) owns approximately 68 percent of Williams Partners, including the general-partner interest. More information is available at www.williamslp.com. 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:Jeff Pounds, 918-573-3332orInvestor Contacts:John Porter, 918-573-0797orSharna Reingold, 918-573-2078