UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): January 19, 2016
TRANSCONTINENTAL GAS PIPE LINE COMPANY, LLC
(Exact name of registrant as specified in its charter)
Delaware | 1-7584 | 74-1079400 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
2800 Post Oak Boulevard, Houston, Texas | 77056 | |
(Address of Principal Executive Offices) | (Zip Code) |
Registrants Telephone Number, Including Area Code: (713) 215-2000
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. | Other Events. |
On January 19, 2016, Transcontinental Gas Pipe Line Company, LLC (the Company) issued a press release announcing that it intends to offer, pursuant to an exemption from registration under the Securities Act of 1933, as amended, senior notes to certain institutional investors. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Also on January 19, 2016, the Company issued a press release announcing that it has priced its offering of $1 billion in aggregate principal amount of 7.85% Senior Notes due 2026. The offering of the notes is expected to close on January 22, 2016, subject to certain closing conditions. A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.
Item 9.01. | Financial Statements and Exhibits |
(d) | Exhibits. |
Exhibit No. |
Description | |
99.1 | Press release dated January 19, 2016. | |
99.2 | Press release dated January 19, 2016. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
TRANSCONTINENTAL GAS PIPE LINE COMPANY, LLC | ||||
By: | /s/ Peter S. Burgess | |||
Peter S. Burgess | ||||
Vice President and Treasurer |
DATED: January 19, 2016
EXHIBIT INDEX
Exhibit No. |
Description | |
99.1 | Press release dated January 19, 2016. | |
99.2 | Press release dated January 19, 2016. |
Exhibit 99.1
DATE: Jan. 19, 2016
MEDIA CONTACT: | INVESTOR CONTACTS: | |||
Tom Droege (918) 573-4034 |
John Porter (918) 573-0797 |
Brett Krieg (918) 573-4614 |
Transco Initiates Private Debt Issuance
TULSA, Okla. Transcontinental Gas Pipe Line Company, LLC (Transco), a wholly owned subsidiary of Williams Partners L.P. (NYSE: WPZ), announced today that it is offering senior notes to certain institutional investors. The notes will be offered pursuant to certain exemptions from registration under the Securities Act of 1933, as amended (the Securities Act).
Transco intends to use the net proceeds from the offering to repay indebtedness, including our $200 million of 6.40% notes due 2016 upon their maturity on April 15, 2016, and to fund capital expenditures.
The offering of the notes has not been registered under the Securities Act or applicable state securities laws. The notes may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.
This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy the notes described in this press release, nor shall there be any sale of the notes in any state or jurisdiction in which such an offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
About Williams Partners
Williams Partners (NYSE: WPZ) is an industry-leading, large-cap natural gas infrastructure master limited partnership with a strong growth outlook and major positions in key U.S. supply basins and also in Canada. Williams Partners has operations across the natural gas value chain from gathering, processing and interstate transportation of natural gas and natural gas liquids to petchem production of ethylene, propylene and other olefins. Williams Partners owns and operates more than 33,000 miles of pipelines system wide including the nations largest volume and fastest growing pipeline providing natural gas for clean-power generation, heating and industrial use. Williams Partners operations touch approximately 30 percent of U.S. natural gas. Tulsa, Okla.-based Williams (NYSE: WMB), a premier provider of large-scale North American natural gas infrastructure, owns 60 percent of Williams Partners, including all of the 2 percent general-partner interest. www.williams.com
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Exhibit 99.2
DATE: Jan. 19, 2016
MEDIA CONTACT: | INVESTOR CONTACTS: | |||||
Tom Droege (918) 573-4034 |
John Porter (918) 573-0797 |
Brett Krieg (918) 573-4614 |
Transco Prices Private Debt Issuance
TULSA, Okla. Transcontinental Gas Pipe Line Company, LLC (Transco), a wholly owned subsidiary of Williams Partners L.P. (NYSE: WPZ), announced that it has priced its previously announced offering of senior notes.
The $1 billion in aggregate principal amount of senior notes due 2026, scheduled to be delivered on January 22, 2016, were priced with a 7.85 percent coupon and at an offering price of 99.825 percent of par, with a yield to investors of 7.875 percent.
Transco intends to use the net proceeds from the offering to repay indebtedness, including our $200 million of 6.40 percent notes due 2016 upon their maturity on April 15, 2016, and to fund capital expenditures.
The notes will be offered pursuant to certain exemptions from registration under the Securities Act of 1933, as amended (the Securities Act). The offering of the notes has not been registered under the Securities Act or applicable state securities laws. The notes may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.
This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy the notes described in this press release, nor shall there be any sale of the notes in any state or jurisdiction in which such an offer, sale or solicitation would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Portions of this document may constitute forward-looking statements as defined by federal law. Although Transco believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Additional information about issues that could lead to material changes in performance is contained in Transcos annual and quarterly reports filed with the Securities and Exchange Commission.
About Williams Partners
Williams Partners (NYSE: WPZ) is an industry-leading, large-cap natural gas infrastructure master limited partnership with a strong growth outlook and major positions in key U.S. supply basins and also in Canada. Williams Partners has operations across the natural gas value chain from gathering, processing and interstate transportation of natural gas and natural gas liquids to petchem production of ethylene, propylene and other olefins. Williams Partners owns and operates more than 33,000 miles of pipelines system wide including the nations largest volume and fastest growing pipeline providing natural gas for clean-power generation, heating and industrial use. Williams Partners operations touch approximately 30 percent of U.S. natural gas. Tulsa, Okla.-based Williams (NYSE: WMB), a premier provider of large-scale North American natural gas infrastructure, owns 60 percent of Williams Partners, including all of the 2 percent general-partner interest. www.williams.com
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