Oneok Completes Public Offering Of 4% Senior Notes, Due 2027 For US$500 Million

Published: Jul 10 2017
Deal Summary

Oneok, Inc., a diversified energy company, completed the public offering of 4% senior unsecured notes, due July 13, 2027, for gross proceeds of US$500 million (MM). The notes are priced at 99.845% of the principal amount and yield to maturity of 4.019%. Interest on notes is payable semi-annually on January 13 and July 13 of each year, beginning from January 13, 2018.

Citigroup Global Markets Inc., Barclays Capital Inc, Merrill Lynch, Pierce, Fenner & Smith Inc, Mizuho Securities USA LLC, Credit Suisse Securities (USA) LLC, Goldman Sachs & Co LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc, PNC Capital Markets LLC, SMBC Nikko Securities America, Inc., TD Securities (USA) LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities LLC acted as joint book-running managers, while BB&T Capital Markets, BOK Financial Securities, Inc. and Regions Securities LLC act as underwriters to the company for the offering. Gable & Gotwals and Fried, Frank, Harris, Shriver & Jacobson LLP acted as legal advisors to the company for the offering.

The company intends to use the proceeds from the offering for general corporate purposes, which may include repayment of existing indebtedness and capital expenditures.

Deal history

Completed: On July 13, 2017, Oneok completed the public offering of 4% senior unsecured notes, due July 13, 2027, for gross proceeds of US$500 MM.

Pricing/Filing: On July 10, 2017, Oneok priced the public offering of 4% senior unsecured notes, due July 13, 2027, for gross proceeds of US$500 MM.

You can receive free Monthly detailed “Deals Analysis Alerts” delivered directly to your
inbox – sign up below:

* Indicates Mandatory
*Name:  
*Company:  
*Email:    
*Country:  
*Phone Number:          
Comments:
  captcha refresh
Enter Captcha Code:    

Send to friend

*Your EmailID:    
Message:
*Friend's EmailID:    
  captcha refresh
Enter Captcha Code: