Williams Provides Early Tender Results for $3B Offer

Williams has announced the early tender results of its previously announced cash tender offer and consent solicitations.

As of the previously announced early tender deadline of 5 p.m., New York City time, on Feb. 1, 2010, approximately $4.74 billion aggregate principal amount of notes subject to the tender offer and consent solicitations had been validly tendered and not validly withdrawn. 

The holders of a majority of the aggregate principal amount of notes under each indenture have approved the proposed amendments to the indentures pursuant to which the notes were issued. As a result, Williams has received the requisite consents to enter into supplemental indentures to amend the indentures governing the notes, and Williams and the trustee under the indentures have executed such supplemental indentures.

The amendments set forth in the supplemental indentures will not become operative with respect to the notes under an indenture unless and until Williams accepts for purchase such notes validly tendered (and not validly withdrawn) and certain other conditions relating to consummation of the tender offer and consent solicitations are satisfied.



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