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ONEOK announces $3B notes offering

2025-08-07 13:30

 

  • ONEOK (NYSE:OKE) priced an offering to sell $3.0 billion of senior notes: $750 million of 7-year senior notes at a coupon of 4.95%; $1.0 billion of 10-year senior notes at a coupon of 5.40%; $1.25 billion of 30-year senior notes at a coupon of 6.25%.
  • The net proceeds from the offering are expected to be approximately $2.96 billion. 
  • Net proceeds to repay all of its outstanding commercial paper and repay in full at maturity its senior notes due Sept. 15, 2025.
  • ONEOK intends to use any remaining net proceeds from the offering for general corporate purposes, which may include the repayment of outstanding indebtedness, including the repurchase or redemption of existing notes.
  • ONEOK expects the offering to close on or about Aug. 12, 2025.

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