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News Mar 05, 2018

William Partners’ $800M Senior Notes Offering

Shearman & Sterling represented the underwriters in connection with the registered offering by Williams Partners L.P. (“Williams Partners,” NYSE: WPZ) of $800 million aggregate principal amount of 4.85% senior notes due 2048.  Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and MUFG Securities Americas Inc. acted as joint book-running managers and representatives of the several underwriters.  Williams Partners intends to use the net proceeds of this offering for general partnership purposes, including the repayment of its $750 million aggregate principal amount of 4.875% senior notes due 2024 or other of its outstanding indebtedness.

Williams Partners is an industry-leading, large-cap natural gas infrastructure master limited partnership with operations across the natural gas value chain, including gathering, processing and interstate transportation of natural gas and natural gas liquids.

The Shearman & Sterling team below was supported by Maeve Chandler and Justin Huynh (both New York—General Practice).

The Team