ONEOK (OKE) Prices $750M Notes Offering

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Go back to ONEOK (OKE) Prices $750M Notes Offering

ONEOK Announces $750 Million Notes Offering

November 15, 2022 5:10 PM EST

TULSA, Okla., Nov. 15, 2022 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced that it has priced an offering to sell $750 million of 10-year senior notes at a coupon of 6.10%.

The net proceeds from the offering, after deducting underwriting discounts, commissions and offering expenses, are expected to be $742 million. ONEOK intends to use the net proceeds to repay amounts outstanding under its commercial paper program. To the extent the net proceeds from the offering exceed the amounts outstanding under its... More