Bracewell Represents Citibank in Financing of Williams Partners-Access Midstream Partners Merger

HOUSTON – Bracewell & Giuliani LLP represented Citibank, N.A., as administrative agent for $5 billion of debt financings put in place in connection with the merger between publicly traded master limited partnerships Williams Partners L.P. (NYSE: WPZ) and Access Midstream Partners L.P. (NYSE: ACMP). The lenders entered into a $3.5 billion revolving credit facility with Williams Partners and a $1.5 billion revolving credit facility with The Williams Companies, owner of the general partner interests in Williams Partners.

The merger combines the depth of Access Midstream’s expertise in the gathering and processing function with the breadth of Williams’ capabilities across the broader natural gas value chain. Williams Partners now features large-scale positions across three key components of the midstream sector in North America, including natural gas pipelines, gathering and processing, and natural gas liquids and petrochemical services.

Bracewell attorneys involved in this transaction include:

Partners: Kate H. Day and Tony L. Visage

Counsel: Alexander W. Jones

Associates: Jeris Diana Brunette and John H. Cantrell