Transcontinental Gas Pipe Line Company, LLC’s $1 Billion Senior Notes Offering

Shearman & Sterling represented Barclays Capital Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC and Wells Fargo Securities, LLC as representatives of the initial purchasers in connection with the Rule 144A/Regulation S offering by Transcontinental Gas Pipe Line Company, LLC (“Transco”) of $400 million of its 4.000% senior notes due 2028 and $600 million of its 4.600% senior notes due 2048.

Transco intends to use the net proceeds from the offering to repay indebtedness, including its $250 million 6.05% notes due 2018 upon their maturity on June 15, 2018, and for general corporate purposes including the funding of capital expenditures.

Transco is an interstate natural gas transmission company that owns a natural gas pipeline system extending from Texas, Louisiana, Mississippi and the Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania and New Jersey to the New York City metropolitan area. The company, led by Richard D. Rodekohr and Phillip D. Wright is based in Houston.

Shearman & Sterling advised with a team including Merritt Johnson (Picture), Sean Dougherty, Charles Zamiskie, Kristen Garry, Donna J. Bobbish, Jason Pratt, Michael J. Daly, Jai Garg, Maeve Chandler and Justin Huynh and Jake Glazeski


Involved fees earner: Merritt Johnson – Shearman & Sterling; Sean Dougherty – Shearman & Sterling; Charles Zamiskie – Shearman & Sterling; Kristen Garry – Shearman & Sterling; Michael Daly – Shearman & Sterling; Donna Bobbish – Shearman & Sterling; Jason Pratt – Shearman & Sterling; Jai Garg – Shearman & Sterling; Jake Glazeski – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Barclays Capital; Mizuho Securities; JP Morgan Securities; Wells Fargo Securities;



Author: Ambrogio Visconti