WILLIAMS COMPANIES, INC. 8-K

What Happened

• Williams Companies, Inc. announced a registered offering completed on January 8, 2026 of $2.75 billion aggregate principal amount of senior unsecured notes: $500 million of 5.650% Senior Notes due 2033 (additional issuance), $1.25 billion of 5.150% Senior Notes due 2036, and $1.0 billion of 5.950% Senior Notes due 2056. The offering was registered under the Securities Act on the company’s Form S-3 and the related prospectus supplement dated January 5, 2026.
• The New 2033 Notes are an additional issuance that will trade interchangeably with $750 million of 5.650% Senior Notes issued March 2, 2023. The notes were issued under the company’s Base Indenture (dated December 18, 2012) and supplemental indentures (Seventh Supplemental for the 2033 Notes; Thirteenth Supplemental dated January 8, 2026 for the 2036 and 2056 Notes). Trustee: The Bank of New York Mellon Trust Company, N.A.

Key Details

• Aggregate proceeds: $2.75 billion total ($500M 2033; $1.25B 2036; $1.0B 2056).
• Coupon & maturities: 5.650% due 2033; 5.150% due 2036; 5.950% due 2056.
• Interest payment dates: New 2033 Notes pay semi‑annually on March 15 and Sept 15 beginning March 15, 2026 (includes accrued interest from Sept 15, 2025); 2036 and 2056 Notes pay semi‑annually beginning Sept 15, 2026.
• Ranking & covenants: Senior unsecured obligations ranking equally with other senior debt; indenture contains customary covenants (liens, mergers/consolidations) and events of default.
• Redemption rights: Company may redeem prior to specified dates at a “make‑whole” premium and on/after Dec 15, 2032 (2033 Notes), Dec 15, 2035 (2036 Notes), and Sept 15, 2055 (2056 Notes) at par plus accrued interest.

Why It Matters

• This transaction raises $2.75 billion of long‑dated financing, which affects Williams’ debt maturity profile and interest obligations. The fixed coupons and staggered maturities give investors clear information about future cash interest costs and the company’s refinancing timeline.
• As senior unsecured debt that ranks equally with existing senior obligations, these notes are a key part of Williams’ capital structure. Retail investors should note the interest rates, maturities, and redemption terms when assessing credit risk and income potential.