<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported): September 19, 1997
The Williams Companies, Inc.
----------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 1-4174 73-0569878
- --------------- --------------- ----------------
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
One Williams Center, Tulsa, OK 74172
- --------------------------------------------------------------------
(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: 918/588-2000
---------------
Not Applicable
- --------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE> 2
Item 5. Other Events
The Company has tendered and accepted for purchase debt securities of
nine series issued by the Company and certain of its subsidiaries totaling
approximately $918.8 million in principal amount in response to the offers to
purchase any and all outstanding securities of such series, which the Company
announced on September 8, 1997.
Item 7. Financial Statements and Exhibits
The following exhibit is filed as part of this Report:
Exhibit 99. Copy of the Company's press release, dated
September 22, 1997, publicly announcing the
action reported herein.
<PAGE> 3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE WILLIAMS COMPANIES, INC.
Date: October 28, 1997 By: /s/ WILLIAM G. VON GLAHN
------------------------
Name: William G. von Glahn
Title: Senior Vice President and
General Council
<PAGE> 4
EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
- ------ -----------
99 Copy of the Company's Press release, dated September 22, 1997,
publicly announcing the action reported herein.
<PAGE> 1
[THE WILLIAMS COMPANIES, INC. LETTERHEAD]
- --------------------------------------------------------------------------------
FOR RELEASE: SEPT. 22, 1997
FOR MORE INFORMATION CONTACT: JIM GIPSON (918) 588-2111 (MEDIA)
MARK HUSBAND (918) 588-2087 (INVESTORS)
RICHARD GEORGE (918) 588-3679
- --------------------------------------------------------------------------------
WILLIAMS COMPANIES ANNOUNCES THE COMPLETION OF DEBT TENDER OFFERS
TULSA - The Williams Companies, Inc. announced today that debt
securities of nine series issued by the company and some of its subsidiaries
totaling $918.8 million in principal amount (of which $210 million remains
subject to delivery and settlement) have been tendered and accepted for
purchase in response to the offers to purchase any and all outstanding
securities of such series, which at the time had a total outstanding principal
amount of approximately $1.3 billion.
The offers to purchase, announced on Sept. 8, expired at 5 p.m. Eastern
time on Friday, Sept. 19. This amount tendered and accepted for purchase
represents an average success rate of 75 percent, which is at the upper end of
the range the company had anticipated.
The description, CUSIP number, outstanding principal amount prior to
the offers to purchase and the amount tendered and accepted for purchase for
each series of securities involved are:
<TABLE>
<CAPTION>
Description of Series Outstanding Principal Amount Tendered
and CUSIP Number Amount Prior to Offers & Accepted for Purchase
<S> <C> <C>
The Williams Companies, Inc. $150,000,000 $112,978,000
8 7/8% Debentures
Due 9/15/2012
969457 AM 2
The Williams Companies, Inc. $143,650,000 $118,775,000
10 1/4% Debentures
Due 7/15/2020
969457 AH 3
The Williams Companies, Inc. $ 86,000,000 $ 39,856,000
9 3/8% Debentures
Due 11/15/2021
969457 AK 6
</TABLE>
<PAGE> 2
<TABLE>
<S> <C> <C>
Transco Energy Company $200,000,000 $162,220,000
9 1/8% Notes
Due 5/1/1998
893532 AD 3
Transco Energy Company $125,000,000 $101,767,000
9 5/8% Notes
Due 6/15/2000
893532 AA 9
Transco Energy Company $150,000,000 $102,074,000
9 3/8% Notes
Due 8/15/2001
893532 AE 1
Transco Energy Company $125,000,000 $ 98,165,000
9 7/8% Notes
Due 6/15/2020
893532 AC 5
Northwest Pipeline Corporation $100,000,000 $ 66,000,000
10.65% Debentures
Due 11/15/2018
667748 AD 9
Northwest Pipeline Corporation $150,000,000 $116,951,000
9% Debentures
Due 8/1/2022
66748 AE 7
</TABLE>
Williams consists of the nations's largest-volume system of interstate
natural gas pipelines; business units offering a complete array of traditional
and leading-edge energy solutions; and single-source providers of national
business communications systems and international satellite and fiber-optic
video services. (NYSE:WMB). Company information is on the World Wide Web at
http://www.twc.com.
2
