The Williams Companies Completes $2.75 Billion Multi-Tranche Senior Notes Offering

Williams Companies, Inc. Completes $2.75 Billion Senior Notes Offering

Overview

On September 10, 2026, The Williams Companies, Inc. (NYSE: WMB) closed a registered public offering of $2.75 billion aggregate principal amount of senior unsecured notes across four distinct maturities. The offering was executed under the Company's shelf registration statement on Form S-3 (No. 333-277232) and the prospectus supplement dated September 8, 2026.

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Offering Structure & Tranche Details

Tranche	Principal Amount	Coupon Rate	Maturity Date	First Interest Payment
2029 Notes	$500,000,000	5.000%	October 15, 2029	April 15, 2027
2033 Notes	$1,000,000,000	5.600%	September 15, 2033	March 15, 2027
2036 Notes	$750,000,000	5.800%	September 15, 2036	March 15, 2027
2056 Notes	$500,000,000	6.400%	September 15, 2056	March 15, 2027
Total	$2,750,000,000	—	—	—

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Key Terms and Conditions

• Ranking: The notes are senior unsecured obligations of the Company, ranking equally in right of payment with all existing and future senior unsecured debt, and senior to any future subordinated debt.
• Governing Agreement: Issued under the Base Indenture dated December 18, 2012, as supplemented by the Fourteenth Supplemental Indenture dated September 10, 2026, with The Bank of New York Mellon Trust Company, N.A., as Trustee.
• Optional Redemption & Par Call Dates:
  • Prior to the respective Par Call Dates, the Company may redeem the notes at a customary make-whole premium.
  • On or after the Par Call Dates (September 15, 2029 for 2029 Notes; July 15, 2033 for 2033 Notes; June 15, 2036 for 2036 Notes; March 15, 2056 for 2056 Notes), the notes may be redeemed at 100% of the principal amount plus accrued and unpaid interest.
• Covenants & Events of Default: The indenture includes customary negative covenants restricting liens (subject to standard exceptions and basket limitations) and limitations on mergers/asset sales, as well as standard events of default.