8-K
filed January 31, 2025, 6:59 PM ET
CIK 0001592000
M&A
confidence high
sentiment neutral
materiality 1.00
EnLink Midstream, LLC: M&A transaction — ONEOK completes acquisition of EnLink Midstream; EnLink units to delist
EnLink Midstream, LLC
- Merger closed Jan 31, 2025; each EnLink unit converted to 0.1412 shares of ONEOK common stock.
- EnLink units delisted from NYSE; Form 15 to be filed to suspend SEC reporting obligations.
- ONEOK assumed EnLink's senior notes (5.625%-6.50% due 2028-2034); credit facility terminated.
- All Series B convertible preferred units exchanged for 34.6M EnLink units prior to merger.
- Resignations of three EnLink Manager directors (Adams, Cepak, Echols) effective at closing.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Deborah G. Adams resigned as Director at EnLink Midstream, LLC.
- Action
- resigned
- Role
- Director
Exact text from the filing
In connection with and effective upon the closing of the Mergers, Deborah G. Adams, Tiffany Thom Cepak and Leldon E. Echols resigned as directors of the Manager.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Leldon E. Echols resigned as Director at EnLink Midstream, LLC.
- Action
- resigned
- Role
- Director
Exact text from the filing
In connection with and effective upon the closing of the Mergers, Deborah G. Adams, Tiffany Thom Cepak and Leldon E. Echols resigned as directors of the Manager.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Tiffany Thom Cepak resigned as Director at EnLink Midstream, LLC.
- Action
- resigned
- Role
- Director
Exact text from the filing
In connection with and effective upon the closing of the Mergers, Deborah G. Adams, Tiffany Thom Cepak and Leldon E. Echols resigned as directors of the Manager.
View on SEC.gov
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
EnLink Midstream, LLC underwent a change of control involving ONEOK, Inc. for 0.1412 shares of ONEOK common stock per EnLink unit (closed 2025-01-31).
- Action
- change of control
- Counterparty
- ONEOK, Inc.
- Consideration
- 0.1412 shares of ONEOK common stock per EnLink unit
- Closing
- 2025-01-31
Exact text from the filing
prior to the time the First Merger became effective (the “First Merger Effective Time”), other than those EnLink Units owned by ONEOK, was converted into the right to receive 0.1412 shares (the “Exchange Ratio”) of ONEOK common stock, par value $0.01 (the “ONEOK common stock”). No fractional shares of ONEOK common stock will be issued in the Mergers, and
View on SEC.gov
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