Williams Companies Secures $250 Million Term Loan from PNC Bank and Lenders

Reuters12-02
Williams Companies Secures $250 Million Term Loan from PNC Bank and Lenders

The Williams Companies Inc., through its subsidiary Northwest Pipeline LLC, has entered into a new Credit Agreement with a group of lenders and PNC Bank, National Association, serving as administrative agent. Under the agreement, Northwest Pipeline borrowed $250 million in term loans effective December 1, 2025. The loan proceeds will be used to refinance existing 7.125% senior notes due the same day, as well as for working capital, acquisitions, capital expenditures, and general corporate purposes. The term loans mature three years from the effective date. The agreement includes covenants requiring the company to maintain a debt-to-capitalization ratio not exceeding 65%, and contains customary restrictions and events of default provisions. Interest rates on the borrowings will be determined based on the company's senior unsecured debt ratings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Williams Companies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-304001), on December 01, 2025, and is solely responsible for the information contained therein.
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