Williams Partners L.P. Prices Private Debt Issuance

Williams Partners L.P. announced today that it priced its previously announced private offering of $600 million aggregate principal amount of senior unsecured notes due 2017.

The senior notes priced at par with a coupon of 7.25 percent. The offering is expected to close on Dec. 13.

Williams Partners plans to use the net proceeds of the offering to fund a portion of the cash consideration for its planned $1.223 billion acquisition from Williams of the remaining 74.9 percent interest in Williams Four Corners LLC that the partnership does not own.

The acquisition is expected to close concurrently with the offering.

Williams Partners previously acquired a 25.1 percent interest in Four
Corners from Williams in June 2006. Four Corners owns certain natural gas gathering, processing and treating assets in the San Juan Basin in Colorado and New Mexico.



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