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ONEOK redeems senior notes for $87M

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ONEOK redeems senior notes for $87M

ONEOK Inc. intends to redeem all outstanding 6.5% senior notes due 2028 for about $87 million, representing the notes' aggregate principal amount.

ONEOK will redeem the notes using cash on hand at a price equal to the principal amount plus accrued and unpaid interest, according to a June 12 news release.