Williams Issues Private Debt (WMB, STT, GS)

Banking, finance, and taxes

Published: February 26, 2009 11:36 am

Last Updated: March 25, 2020 2:38 pm

money-stack-image2 The Williams Companies, Inc. (NYSE:WMB) announced this morning that it was “initiating a private debt issuance to certain institutional investors.” The notes have not been registered with the SEC and will not be available for public sale.

According to Yahoo! Finance, the largest institutional investors in Williams are Barclays and FMR LLC, both of which hold more than 6% of Williams shares. Other investors include State Street Corporation (NYSE: STT) with more than 4%, the Vanguard Group, Carl Icahn, and Goldman Sachs Group Inc. (NYSE: GS), each with around 3%.

Williams did not say how much it would raise, but did say that the funds would be used for “general corporate purposes, including enhancing the company’s liquidity position and the funding of capital expenditures.”

Williams’ shares are up more than 2% this morning, but are still trading off 70% from 52-week highs.

Paul Ausick
February 26, 2009

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