ONEOK, Inc. (NYSE: OKE) today announced that it has priced an offering to sell $1.25 billion of senior notes, consisting of $800 million of 10-year senior notes at a coupon of 4.55 percent and $450 million of 30-year senior notes at a coupon of 5.20 percent.
The net proceeds from the offering, after deducting underwriting discounts and commissions, are expected to be $1.24 billion. ONEOK expects to use the net proceeds for general corporate purposes, which may include repayment of existing indebtedness and funding of capital expenditures. ONEOK expects the notes offering to close on or about July 2, 2018, subject to the satisfaction of customary closing conditions.
Citigroup, BofA Merrill Lynch, Mizuho Securities, Wells Fargo Securities, Deutsche Bank Securities, Goldman Sachs & Co. LLC, J.P. Morgan, Morgan Stanley, MUFG and TD Securities are acting as joint book-running managers for the offering. PNC Capital Markets LLC, RBC Capital Markets, Scotiabank, US Bancorp, BB&T Capital Markets, BOK Financial Securities, Inc., Regions Securities LLC, SMBC Nikko, The Williams Capital Group, L.P. and Tuohy Brothers are the co-managers for the offering.
A copy of the prospectus and prospectus supplement may be obtained by contacting the joint book-running managers as follows:
Citigroup Global Markets Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Toll-free: 1-800-831-9146
Email: prospectus@citi.com
Merrill Lynch, Pierce, Fenner & Smith Incorporated
NC1-004-03-43, 200 North College Street, 3rd Floor
Charlotte, NC 28255-0001
Attn: Prospectus Department
Telephone: 800-294-1322
Email: dg.prospectus_requests@baml.com
Mizuho Securities USA LLC
320 Park Avenue
New York, NY 10022
Attn: Debt Capital Markets
Toll-free: 866-271-7403
Wells Fargo Securities, LLC
Attn: WFS Customer Service
608 2nd Avenue South
Minneapolis, MN 55402
Telephone: 1-800-645-3751
ONEOK, Inc. (pronounced ONE-OAK) (NYSE: OKE) is a leading midstream service provider and owner of one of the nation’s premier natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent, Permian and Rocky Mountain regions with key market centers and an extensive network of natural gas gathering, processing, storage and transportation assets.
