secwatch.observer — SEC 8-K summary
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Issuer:     ONEOK INC /NEW/ (OKE)
CIK:        0001039684
Form:       8-K12B
Filed at:   2026-09-10T20:47:16+00:00
Accession:  0001193125-26-387972
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.03, 3.01, 3.03, 5.01, 5.02, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ONEOK closes $9B Apollo minority equity investment; completes holding company reorganization
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- Apollo invested $9B for nonvoting Class B interest in ONEOK Holdings, structurally subordinate to debt.
- Proceeds to fund Brazos Midland acquisition and extinguish $5B of outstanding indebtedness.
- ONEOK reorganized into holding company structure; shares continue on NYSE as OKE with new CUSIP 30609A 109.
- Credit rating agencies view transaction as credit-enhancing; ONEOK contributed OpCo equity for 6.02B Class A units.
- Directors and officers unchanged; Pierce Norton remains CEO, Walter Hulse CFO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039684/000119312526387972/0001193125-26-387972-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039684/000119312526387972/d81803d8k12b.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-387972

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