secwatch.observer — SEC 8-K summary
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Issuer:     ONEOK INC /NEW/ (OKE)
CIK:        0001039684
Form:       8-K
Filed at:   2025-02-20T23:59:59+00:00
Accession:  0001213900-25-015669
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039684/000121390025015669/0001213900-25-015669-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039684/000121390025015669/ea0231158-8k_oneok.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-015669

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer