Williams Adds to Credit Facility
Since the beginning of the year, Williams Communications has raised additional liquidity of approximately $2.4 billion, significantly improving the company's funding and liquidity position. These funds have been raised through the private placement of debt instruments, capital restructuring, and the sale of non-core company assets.
"We have undertaken several strategic steps this year to strengthen our financial position," said Scott Schubert, CFO of Williams Communications. "Upsizing our bank credit facility is one more important step in positioning Williams Communications to fully fund our business plan," said Schubert.
Williams Communications Group