Loan & DebtMay 20, 2026, 04:38 PM
Williams Companies Secures $3.75B and $1.0B Revolving Credit Facilities
AI Summary
The Williams Companies, Inc., along with its subsidiaries Northwest Pipeline LLC and Transcontinental Gas Pipe Line Company, LLC, entered into two new credit agreements on May 19, 2026. These include a Second Amended and Restated Credit Agreement for $3.75 billion and a 364-Day Credit Agreement for $1.00 billion. The $3.75 billion facility has an initial five-year term, extendable up to seven years, and both facilities are intended for working capital, acquisitions, capital expenditures, and other general corporate purposes, enhancing the company's financial flexibility.
Key Highlights
- Secured a $3.75 billion Second Amended and Restated Credit Agreement.
- Secured a $1.00 billion 364-Day Credit Agreement.
- The $3.75 billion facility has an initial 5-year term, extendable up to 7 years.
- The $3.75 billion facility can be increased by an additional $500 million, totaling $4.25 billion.
- Both facilities are for working capital, acquisitions, capital expenditures, and general corporate purposes.
- Northwest Pipeline LLC and Transcontinental Gas Pipe Line Company, LLC each have a $500 million sublimit under the $3.75B facility.
- The $3.75 billion facility includes a $200 million swingline borrowing sublimit.
Price Impact
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