Partners L.P. (NYSE: WPZ) today announced that it priced a public
offering of 21,500,000 common units representing limited-partner
interests at $49.00 per unit. The offering is expected to close on
August 7, 2013.
Williams Partners also granted the underwriters a 30-day option to
purchase up to an additional 3,225,000 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
Barclays is acting as the sole underwriter. A copy of the preliminary
prospectus supplement and prospectus relating to the offering may be
obtained by contacting Barclays c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, New York 11717, toll-free: (888) 603-5847, firstname.lastname@example.org.
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 the underwriter:
c/o Broadridge Financial Solutions
1155 Long Island
Edgewood, NY 11717
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,
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.
Sharna Reingold, 918-573-2078