Williams Partners Prices Offering Of 21.5 Mln Common Units At $49 Per Unit

(RTTNews) - Williams Partners L.P. (WPZ) Friday said it priced a public offering of 21.5 million common units representing limited-partner interests at $49.00 per unit. The offering is expected to close on August 7.

The company also granted the underwriters a 30-day option to purchase up to an additional 3,225,000 common units.

The firm plans to use the net proceeds from the offering to repay amounts outstanding under the partnership's commercial paper program, to fund capital expenditures and for general partnership purposes. Barclays is acting as the sole underwriter.

WPZ, which closed at $52.12 on Thursday, is falling 4.4 percent in pre-market trading.