M&A
confidence high
sentiment positive
materiality 0.70
ONEOK closes EnLink acquisition; EVP Kelley to retire in March
ONEOK INC /NEW/
- Closed acquisition of EnLink Midstream, LLC on Jan 31, 2025; EnLink now wholly owned subsidiary.
- Assumed EnLink's 5.625% 2028, 5.375% 2029, 6.5% 2030 and 5.65% 2034 senior notes.
- Merger Sub II and EnLink Midstream Partners, LP guaranteed ONEOK's credit agreement obligations.
- Charles M. Kelley, SVP Commercial Natural Gas Pipelines, to retire effective March 31, 2025.