One-Page Deal Sheet
Williams Sells Off Canadian Biz to Inter Pipeline Ltd. for C$1.38 Billion
Inter Pipeline Ltd. Williams Companies, Inc., Williams Partners Lp
Announced Date
August 08,2016
Close Date
September 23,2016
Transaction Type
Asset
Location
Region
Canada
Country
Canada
Transaction Details: Subscribe to see
Closing Announcement - September 23, 2016
Williams and Williams Partners have completed the sale of their Canadian businesses to Inter Pipeline Ltd.
The combined cash proceeds amounted to $1.38 billion CAD between the partnership and company.
In connection with the sale, Williams agreed to waive $150 million USD of incentive distribution rights in the quarter following closing to facilitate the partnership’s consent to the sale in recognition of the value of inter-company contracts. After taking into account this waiver, the division of the combined sales price between the entities is ~$839…
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