Williams Partners L.P. Closes Public Offering of Common Units
OREANDA-NEWS. Williams Partners L.P. (NYSE: WPZ) today announced the closing of its previously announced public offering of 24,725,000 common units representing limited-partner interests at USD 49.00 per unit. That amount includes 3,225,000 common units purchased pursuant to the full exercise of the underwriter's option to purchase additional 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 purposes. Williams Partners expects that the completion of this transaction satisfies its planned 2013 equity financing needs and, as a result, the partnership does not intend to issue any additional equity through the balance of 2013.
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.