Banking, finance, and taxes
Williams Issues Private Debt (WMB, STT, GS)
Published:
Last Updated:
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
It’s Your Money, Your Future—Own It (sponsor)
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.