debt
confidence high
sentiment positive
materiality 0.80
ONEOK prices $7.0B senior notes offering to fund EnLink and Medallion acquisitions
ONEOK INC /NEW/
- $7.0B of senior notes priced across six tranches from 3-year (4.25%) to 40-year (5.85%); net proceeds ~$6.92B.
- Proceeds to fund previously announced acquisition of GIP's interests in EnLink Midstream and Medallion Midstream.
- Offering expected to close Sept. 24, 2024; mandatory redemption clause if EnLink deal fails.
- Underwriters include J.P. Morgan, Goldman Sachs, Barclays, BofA, Wells Fargo, and others.