secwatch.observer — SEC 8-K summary
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Issuer:     ONEOK INC /NEW/ (OKE)
CIK:        0001039684
Form:       8-K
Filed at:   2024-09-24T23:59:59+00:00
Accession:  0001213900-24-081426
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039684/000121390024081426/0001213900-24-081426-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039684/000121390024081426/ea0215433-8k_oneok.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-081426

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