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EXHIBIT 99.1
THURSDAY JULY 13, 12:15 PM EASTERN TIME
COMPANY PRESS RELEASE
SOURCE: Williams Communications
WILLIAMS COMMUNICATIONS ANNOUNCES PRIVATE PLACEMENT OF DEBT
TULSA, Okla., July 13/PRNewswire/ -- Williams Communications (NYSE:WCG - news)
announced today that it is considering plans to sell approximately $700 million
of senior notes in a private placement. The securities will not be registered
under the Securities Act of 1933 and may not be offered or sold in the United
States without registration or an applicable exemption from the registration
requirements.
The proceeds from the sale of the securities will be used to continue the
enhancement and expansion of the Williams Communications network and for working
capital and general corporate purposes.
Contact: media, Gil Broyles, 918-573-4740, or [email protected], or
investors, Patricia Kraft, 918-573-0649, or [email protected], both
of Williams Communications.
SOURCE: Williams Communications
