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)
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.
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
4 EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION - ------ ----------- 99 Copy of the Company's Press release, dated September 22, 1997, publicly announcing the action reported herein.
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: Description of Series Outstanding Principal Amount Tendered and CUSIP Number Amount Prior to Offers & Accepted for Purchase 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
2 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 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