ONEOK upsizes revolving credit facility to $3.5B, extends maturity to 2030

ONEOK INC /NEW/

Revolving unsecured credit facility increased from $2.5B to $3.5B.
Maturity date extended from June 2028 to February 2030.
Includes $100M letter of credit and $200M swing line subfacilities.
Net leverage covenant maximum 5.00:1.00, stepping to 5.50:1.00 for two quarters after large acquisitions.
Guarantees from subsidiaries including ONEOK Partners, Magellan Midstream, EnLink Midstream.

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