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: [email protected]

 

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: [email protected]

 

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.


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