Williams Raises $5.34 Billion for Power Projects in Blackstone Deal
businessmergers-acquisitions 3 posts · 3 accounts
Williams secured $5.34 billion from Blackstone Credit & Insurance, Apollo and KKR to finance five behind-the-meter power projects, with Blackstone purchasing a 49% stake in the venture.
The company retains a 51% ownership share and full operational control of the joint ventures. Williams kept its 2026 EBITDA guidance unchanged following the financing.
From the sources (3 posts)
@wallstengineWilliams $WMB secured $5.34B from Blackstone Credit & Insurance, with Apollo and KKR, for five behind-the-meter power projects. Blackstone gets a 49% noncontrolling stake, while Williams keeps 51% and operational control. 2026 EBITDA gu
@firstsquawkBLACKSTONE TO TAKE STAKE IN WILLIAMS POWER JVS FOR $5.34B
@zerohedge*BLACKSTONE TO TAKE STAKE IN WILLIAMS POWER JVS FOR $5.34B