---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-066346"
form_type: "8-K"
ticker: "OKE"
cik: "0001039684"
company_name: "ONEOK INC /NEW/"
filed_at: "2023-08-11T23:59:59+00:00"
generated_at: "2026-06-11T13:48:45.517852+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# ONEOK prices $5.25B senior notes offering (five tranches) to fund Magellan Midstream acquisition

## Summary
- $5.25B notes offering: 3yr ($750M), 5yr ($750M), 7yr ($500M), 10yr ($1.5B), 30yr ($1.75B) with coupons 5.550%-6.625%.
- Net proceeds ~$5.20B to fund cash consideration for merger with Magellan Midstream Partners.
- Notes subject to special mandatory redemption if merger not completed by May 14, 2024 or terminated earlier.
- Offering expected to close August 24, 2023; underwriters include Goldman Sachs, Barclays, BofA, Citi, J.P. Morgan.

## SEC filing metadata
- accession: 0001213900-23-066346
- form_type: 8-K
- ticker: OKE
- cik: 0001039684
- company_name: ONEOK INC /NEW/
- filed_at: 2023-08-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1039684/000121390023066346/0001213900-23-066346-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039684/000121390023066346/ea183334-8k_oneok.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-066346
- JSON: https://secwatch.observer/filing/0001213900-23-066346.json
- Plain text: https://secwatch.observer/filing/0001213900-23-066346.txt

## Key facts
- Material Agreements
  ONEOK INC /NEW/ entered into Underwriting Agreement with Goldman Sachs & Co. LLC, Barclays Capital Inc., BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, as representatives of the underwriters valued at $750 million aggregate principal amount of its 5.550% notes due 2026 ... $750 million ... 5.650% not (effective 2023-08-10).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Goldman Sachs & Co. LLC, Barclays Capital Inc., BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, as representatives of the underwriters
  - Value: $750 million aggregate principal amount of its 5.550% notes due 2026 ... $750 million ... 5.650% not
  - Effective: 2023-08-10
  source text: On August 10, 2023, ONEOK, Inc. (“ONEOK”), ONEOK Partners, L.P. (“ONEOK Partners”) and ONEOK Partners Intermediate Limited Partnership (“ONEOK Partners Intermediate” and, together with ONEOK Partners, the “Guarantors”) entered into an underwriting agreement (the “Underwriting Agreement”) with Goldman Sachs & Co. LLC, Barclays Capital Inc., BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC, as representatives of the underwriters named therein (the “Underwriters”), with respect to the issuance and sale (the “Offering”) by ONEOK of $750 million aggregate principal amount of its 5.550% notes due 2026 (the “2026 Notes”), $750 million aggregate principal amount of its 5.650% notes due 2028 (the “2028 Notes”), $500 million aggregate principal amount of its 5.800% notes due 2030 (the “2030 Notes”), $1.50 billion aggregate principal amount of its 6.050% notes due 2033 (the “2033 Notes”), and $1.75 billion aggregate principal amount of its 6.625% notes due 2053
  evidence_url: https://www.sec.gov/Archives/edgar/data/1039684/000121390023066346/0001213900-23-066346-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.