debt
confidence high
sentiment neutral
materiality 0.75
ONEOK prices $3.0B notes offering across three tranches to refinance debt
ONEOK INC /NEW/
- $750M 4.95% notes due 2032, $1.0B 5.40% notes due 2035, $1.25B 6.25% notes due 2055.
- Net proceeds ~$2.96B; to repay commercial paper and Sep. 2025 maturing senior notes.
- Expected close August 12, 2025; guaranteed by ONEOK subsidiaries.
- Joint book-runners include Mizuho, Deutsche Bank, PNC, TD Securities, Truist, and others.