Williams sells $850 million of bonds to fund Access deal
BY Wire reports
Friday, December 14, 2012
12/14/12 at 4:34 AM
Williams Cos. Inc., which announced Tuesday that it's acquiring a $2.4 billion stake in Access Midstream Partners LP, sold $850 million of bonds Thursday to help fund the deal.
Tulsa-based Williams, a natural gas pipeline company, issued the 3.7 percent, 10-year notes to yield 200 basis points more than similar-maturity Treasuries, Bloomberg data show.
Williams agreed to acquire a 25 percent stake in Access and 50 percent of its general partner for about $2.4 billion. Oklahoma City-based Chesapeake Energy Corp. sold Access earlier this year to raise cash.
