Natural gas explorer and producer,Williams Companies, Inc. (WMB), Tuesday said that the previously announced tender deadline January 1, has expired and about $4.74 billion aggregate principal amount of notes subject to the tender offer and consent solicitations has been validly tendered.
Tulsa, Oklahoma-based Williams stated that it has received the requisite consents to enter into supplemental indentures to amend the indentures governing the notes as the holders of a majority of the aggregate principal amount of notes under each indenture have approved the proposed amendments to the indentures pursuant to which the notes were issued.
The amendments set forth in the supplemental indentures will not become operative with respect to the notes under an indenture unless and until the company accepts for purchase such notes validly tendered and certain other conditions relating to consummation of the tender offer and consent solicitations are satisfied.
The company noted that holders who validly tender their notes after the early tender deadline but at or prior to the previously announced expiration time on Februvary16, will be eligible to receive only the previously announced Tender Offer Consideration, which is equal to the Total Consideration on each series of notes minus an Early Tender Premium of $30 per $1,000 principal amount of notes.
Williams said that it will consider tender offer and consent solicitations as part of the strategic restructuring jointly announced with Williams Partners L.P. (WPZ) on January 19. The deal will provide Williams about $3.5 billion in cash to pay down debt while also giving it a substantial stake in the combined business.
The company said that the consummation of the tender offer and consent solicitations is subject to the satisfaction or waiver of certain conditions, including closing of the asset contribution transaction with Williams Partners and successful consummation of the Williams Partners private bond offering, establishment of its credit facility and executing the appropriate Supplemental Indentures.
Seperately, Williams Partners said that it is initiating a private debt issuance to certain institutional investors to use the net proceeds from the offering to fund the cash portion of the asset contribution transaction with Williams.
WMB is currently trading at $21.79, up $0.30 or 1.37% on a volume of 6.77 million shares on the NYSE.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.