trending Market Intelligence /marketintelligence/en/news-insights/trending/mFZjuQj7Fz3tsb721Q2mSw2 content esgSubNav
In This List

Oneok launches $1.25B senior note offering

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Blog

Insight Weekly Labor market recovery hurdles power market integration nonbank MA hunt

Blog

Q&A: Q2'21 Power Forecast: Overheated Power Markets are Here – Who Wins, Who Loses, and Why?

Blog

ESG & Technology: Impacts and Implications


Oneok launches $1.25B senior note offering

Oneok Inc. launched an offering of its senior notes totaling $1.25 billion, with net proceeds set to be used for debt repayment and capital expenditures, according to a March 11 news release.

The offering consists of $700 million of Oneok's 10-year senior notes at a coupon of 4.35%; and $550 million of its 5.20% senior notes due 2048, to be offered as an add-on to an existing issue. The terms of the 2048 notes will be the same as that of 2048 notes issued July 2, 2018, according to the news release. The Tulsa, Okla.-based midstream giant expects to receive about $1.23 billion in net proceeds after underwriting discounts and commissions.

The offering is scheduled to close March 13.

Barclays Capital Inc., Goldman Sachs & Co. LLC, MUFG, TD Securities, Bank of America Merrill Lynch, Citigroup Global Markets Inc., Mizuho Securities, PNC Capital Markets LLC, Scotiabank, RBC Capital Markets, US Bancorp and Wells Fargo Securities are acting as joint book-running managers. BB&T Capital Markets, Deutsche Bank Securities, J.P. Morgan, Morgan Stanley, Credit Suisse, Regions Securities LLC, SMBC Nikko and The Williams Capital Group LP are co-managers.