Williams Subsidiaries Complete Financial Moves


Friday, June 23rd 2006, 6:23 am
By: News On 6


TULSA, Okla. (AP) -- Two Williams Companies units announce completion of moves worth more than $500-million.

Williams subsidiary Northwest Pipeline Corporation says it has finished its $175-million offering of senior unsecured notes that are due in 2016.

Northwest intends to use the net proceeds of the offering for general corporate purposes, including the funding of capital expenditures.

Williams Partners LP says it has completed acquiring a 25.1 percent interest in Williams Four Corners LLC from Williams for $360-million.

Williams Partners completed the transaction after successfully closing a $150-million debt offering and a share offering of about $225-million.

Williams Four Corners owns natural gas assets in the San Juan Basin in Colorado and New Mexico.