secwatch.observer — SEC 8-K summary
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Issuer:     ONEOK INC /NEW/ (OKE)
CIK:        0001039684
Form:       8-K
Filed at:   2023-08-11T23:59:59+00:00
Accession:  0001213900-23-066346
Event type: debt
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039684/000121390023066346/0001213900-23-066346-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039684/000121390023066346/ea183334-8k_oneok.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-066346

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