ONEOK entered into an underwriting agreement on August 6, 2025 and agreed to issue $750 million of 4.950% notes due 2032, $1.0 billion of 5.400% notes due 2035, and $1.25 billion of 6.250% notes due 2055.

1. 01

   ONEOK entered into an underwriting agreement on August 6, 2025 and agreed to issue $750 million of 4.950% notes due 2032, $1.0 billion of 5.400% notes due 2035, and $1.25 billion of 6.250% notes due 2055.

2. 02

   The company said in its news release that net proceeds from the offering, after deducting underwriting discounts, commissions and offering expenses, are expected to be approximately $2.96 billion. The aggregate principal amount of the offering is $3.0 billion.

3. 03

   ONEOK said it intends to use the net proceeds to repay all of its outstanding commercial paper and repay in full at maturity its senior notes due September 15, 2025, together with any accrued and unpaid interest to the date of repayment. It intends to use any remaining net proceeds for general corporate purposes.

4. 04

   The company said the offering is expected to close on August 12, 2025, subject to customary closing conditions. The notes are guaranteed by ONEOK Partners, Magellan and EnLink, among other guarantors.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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