OKE - ONEOK prices $750M senior notes offering
- ONEOK ( NYSE: OKE ) has priced an offering of $750M of its 10-year senior notes at a coupon of 6.10%.
- Net proceeds from the offering are expected to be $742M, which the firm plans to use to repay amounts outstanding under its commercial paper program.
- To the extent the net proceeds from the offering exceed the amounts outstanding under its commercial paper program, ONEOK ( OKE ) intends to use the additional net proceeds to repay other indebtedness, or for general corporate purposes.
- The notes offering is expected to close around Nov. 18, 2022.
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ONEOK prices $750M senior notes offering