Williams Cos Inc (WMB) 2021-2

USD600.00010Mar-31Sr. UnsecuredBaa2BBBBBBFixedTsyT+115-120T+95952.60%-2100.97300
USD650.00030Oct-51Sr. UnsecuredBaa2BBBBBBFixedTsyT+170 aT+145 a1423.50%-599.83300
Tranche Comments
10 yr: Book size: 1500; First Pay: 2022-03-15; Redemption: 2030-12-15; Registration: Registered; Comments: US$600m tap of the 2.60% 3/15/31 at 100.973, yld 2.481%. Spread: T+95bp. MWC T+20bp; 30 yr: Book size: 2250; First Pay: 2022-03-15; Redemption: 2051-04-15; Registration: Registered; Comments: US$650m 3.50% cpn 30-year(10/15/51) at 99.833, yld 3.509% . Spread: T+142bp. MWC T+25bp;
Deal Comments
Total deal was upsized from US$1bn to US$1.25bn. Active Bookrunners: WFS(B&D), BRC, SMB, TRU. Passive Bookrunners: DEU, JPM, MOS, PNC, USB
Use of Proceeds
Repay notes and general corporate purposes

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