Article: ONE WILLIAMS CENTER CO. FILES PETITION IN U.S. BANKRUPTCY COURT

DALLAS, June 5, /PRNewswire/ -- One Williams Center Co. has initiated reorganization proceedings in the United States Bankruptcy Court for the Northern District of Texas. One Williams Center Co. is the owner of One Williams Center in Tulsa, Okla. The property, which is Tulsa's premier class A downtown office building, serves as headquarters of The Williams Companies.

One Williams Center was originally developed by The Williams Companies in 1974. The Williams Companies sold its interest in One Williams Center Co. in 1987. As a part of the sale, The Williams Companies agreed to continue its obligations under a guarantee that provided for cash flow to meet property ...

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