PR Newswire
TULSA, Okla., Aug. 6, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) today announced that it has priced an offering to sell $3.0 billion of senior notes, consisting of:
$750 million of 7-year senior notes at a coupon of 4.95%.$1.0 billion of 10-year senior notes at a coupon of 5.40%.$1.25 billion of 30-year senior notes at a coupon of 6.25%.
The net proceeds from the offering, after deducting underwriting discounts, commissions and offering expenses, are expected to be approximately $2.96 billion. ONEOK intends to use the net proceeds from the offering to repay all of its outstanding commercial paper, and repay in full at maturity its senior notes due Sept. 15, 2025, together with any accrued and unpaid interest to the date of repayment. ONEOK intends to use any remaining net proceeds from the offering for general corporate purposes, which may include the repayment of outstanding indebtedness, including the repurchase or redemption of existing notes. ONEOK expects the offering to close on or about Aug. 12, 2025, subject to the satisfaction of customary closing conditions.
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