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<SEC-DOCUMENT>0000950134-03-008908.txt : 20030605
<SEC-HEADER>0000950134-03-008908.hdr.sgml : 20030605
<ACCEPTANCE-DATETIME>20030605144543
ACCESSION NUMBER:		0000950134-03-008908
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030604
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20030605

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WILLIAMS COMPANIES INC
		CENTRAL INDEX KEY:			0000107263
		STANDARD INDUSTRIAL CLASSIFICATION:	NATURAL GAS TRANSMISSION [4922]
		IRS NUMBER:				730569878
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04174
		FILM NUMBER:		03733976

	BUSINESS ADDRESS:	
		STREET 1:		ONE WILLIAMS CTR
		CITY:			TULSA
		STATE:			OK
		ZIP:			74172
		BUSINESS PHONE:		9185732000

	MAIL ADDRESS:	
		STREET 1:		ONE WILLIAM CENTER
		CITY:			TULSA
		STATE:			OK
		ZIP:			74172

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WILLIAMS BROTHERS COMPANIES
		DATE OF NAME CHANGE:	19710817
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d06580e8vk.txt
<DESCRIPTION>FORM 8-K
<TEXT>
<PAGE>
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT



                         Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934



         Date of Report (Date of earliest event reported): June 4, 2003
                                                           ------------



                          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, Oklahoma                                 74172
- ------------------------------------                               ---------
(Address of principal executive offices)                           (Zip Code)



        Registrant's telephone number, including area code: 918/573-2000
                                                            ------------



                                 Not Applicable
                                 --------------
          (Former name or former address, if changed since last report)


<PAGE>


Item 5.  Other Events.

         On June 4, 2003, The Williams Companies, Inc. ("Williams") announced
that it is finalizing a new $800 million credit facility primarily for the
purpose of issuing letters of credit. Williams expects to complete the credit
agreement by mid-June. The new financing package would replace an existing $1.1
billion credit line entered into last summer that was comprised of a $700
million secured revolving facility and a $400 million letter of credit facility.
The majority of the company's midstream gas and liquids assets back the current
agreement that is being replaced by the new two-year, cash-collateralized $800
million agreement. The new agreement releases the midstream assets as credit
backing. Cash collateral would be posted only to the extent that letters of
credit are issued under the facility.

Item 7.  Financial Statements and Exhibits.

         Williams files the following exhibit as part of this report:

         Exhibit 99     Copy of Williams' press release dated June 4, 2003,
                        publicly reporting the matters discussed herein.

         Pursuant to the requirements of the Securities Exchange Act of 1934,
Williams has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                                THE WILLIAMS COMPANIES, INC.


Date: June 5, 2003                              /s/ William H. Gault
                                                -------------------------------
                                                Name:   William H. Gault
                                                Title:  Assistant Secretary


<PAGE>



                                INDEX TO EXHIBITS

<Table>
<Caption>
EXHIBIT
NUMBER            DESCRIPTION
- -------           -----------
<S>               <C>
   99             Copy of Williams' press release dated June 4, 2003, publicly
                  reporting the matters discussed herein.
</Table>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>d06580exv99.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
<PAGE>
                                                                      EXHIBIT 99



                                                                 (WILLIAMS LOGO)

NEW RELEASE

NYSE: WMB
================================================================================

DATE:             June 4, 2003


               WILLIAMS FINALIZING $800 MILLION FINANCING PACKAGE
     New Facility Designed to Replace Existing Financing, Release Assets As
                                 Credit Backing

         TULSA, Okla. - Williams (NYSE:WMB) announced today that it is
finalizing a new $800 million credit facility primarily for the purpose of
issuing letters of credit. The company expects to complete the credit agreement
by mid-June.

         The new financing package would replace an existing $1.1 billion credit
line entered into last summer that was comprised of a $700 million secured
revolving facility and a $400 million letter of credit facility.

         The majority of the company's midstream gas and liquids assets back the
current agreement that is being replaced by the new two-year,
cash-collateralized $800 million agreement. The new agreement releases the
midstream assets as credit backing. Cash collateral would be posted only to the
extent that letters of credit are issued under the facility.

         Citigroup Global Markets Inc. and Banc of America Securities LLC are
joint lead arrangers and joint book runners for the new credit facility.

ABOUT WILLIAMS (NYSE:WMB)

Williams, through its subsidiaries, primarily finds, produces, gathers,
processes and transports natural gas. Williams' gas wells, pipelines and
midstream facilities are concentrated in the Northwest, Rocky Mountains, Gulf
Coast and Eastern Seaboard. More information is available at www.williams.com.


CONTACT:            Kelly Swan
                    Williams (media relations)
                    (918) 573-6932

                    Courtney Baugher
                    Williams (investor relations)
                    (918) 573-5768


                                       ###


Portions of this document may constitute "forward-looking statements" as defined
by federal law. Although the company believes any such statements are based on
reasonable assumptions, there is no assurance that actual outcomes will not be
materially different. Any such statements are made in reliance on the "safe
harbor" protections provided under the Private Securities Reform Act of 1995.
Additional information about issues that could lead to material changes in
performance is contained in the company's annual reports filed with the
Securities and Exchange Commission.


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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