ONEOK issues $7.0B in notes (2027-2064) to finance EnLink, Medallion acquisitions; terminates $6B bridge

ONEOK INC /NEW/

Completed $7.0B note offering across six tranches (4.25% 2027 – 5.85% 2064); net proceeds ~$6.9B.
Proceeds to fund previously announced acquisitions of GIP's interests in EnLink Midstream and Medallion Midstream.
Terminated $6.0B bridge loan commitments from JPMorgan and Goldman Sachs as no longer needed.
Notes guaranteed by ONEOK Partners, ONEOK Partners Intermediate, and Magellan Midstream Partners.
Special mandatory redemption of 2027/2029/2031 notes at 101% if EnLink deal not closed by August 2025 or terminated.

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