ONEOK said it priced its senior notes offering on September 10, 2024 for a total of $7.0 billion. The notes mature in 3 to 40 and come in 6 tranches with coupons of 4.25% to 5.85%.

1. 01

   ONEOK said it priced its senior notes offering on September 10, 2024 for a total of $7.0 billion. The notes mature in 3 to 40 and come in 6 tranches with coupons of 4.25% to 5.85%.

2. 02

   The company disclosed that it will issue $1.25 billion at 4.250% due 2027, $600 million at 4.400% due 2029, $1.25 billion at 4.750% due 2031, $1.60 billion at 5.050% due 2034, $1.50 billion at 5.700% due 2054, and $800 million at 5.850% due 2064 in Notes.

3. 03

   The company said it plans to use net proceeds of about $6.92 billion to fund the purchase price for its acquisition of GIP's interests in EnLink Midstream, LLC and Medallion Midstream, LLC and to pay related fees and expenses. It said any remaining proceeds may be used for general purposes, including repaying existing debt such as the repurchase or redemption of existing notes.

4. 04

   The company said the offering is expected to close on or about September 24, 2024, subject to customary closing conditions. 3-year, 5-year and 7-year notes are subject to a special mandatory redemption if, among other cases, the EnLink Transaction is not completed by the EnLink Outside Date.

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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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