Short answer
Williams Companies (WMB) filed an 8-K current report with the SEC on May 20, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 2.03 (Creation of a Direct Financial Obligation). New 364-day revolving facility provides up to $1.0B for working capital, acquisitions, capital expenditures and general corporate purposes.
Williams Companies 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- New 364-day revolving facility provides up to $1.0B for working capital, acquisitions, capital expenditures and general corporate purposes
- Expansion option adds up to $150M, capping total commitments at $1.15B
- Northwest and Transco each subject to $100M borrowing sublimits
- Debt-to-EBITDA covenant capped at 5.00x, temporarily rising to 5.50x after acquisitions of at least $25M
- Revolving loans may convert into term loans maturing one year after the 364-day maturity date, subject to conditions
Other items in this filing:
- Item 2.03: Creation of a Direct Financial Obligation
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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