Williams Partners L.P. (WPZ) said it has priced a public offering of 8.50 million of its common units representing limited-partner interests at $51.43 per unit. The offering may close on Aug. 13, 2012. The company has also granted the underwriters a 30-day option to buy up to an additional 1.275 million common units.
Williams Partners intends to use the net proceeds from the offering to repay amounts outstanding under the partnership's credit facility, while 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 would be used for general partnership purposes.
Barclays, Citigroup, BofA Merrill Lynch, Jefferies & Company, Inc., Morgan Stanley, UBS Investment Bank, Credit Suisse and Wells Fargo Securities are acting as joint book-running managers.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.