trending Market Intelligence /marketintelligence/en/news-insights/trending/xOGv1zusaLa6RLnG6IX-ww2 content esgSubNav
In This List

Oneok launches $2B senior note offering for debt repayment

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

Infographic: Q1’22 U.S. Wind Power by the Numbers

Blog

Understanding Loss Given Default A Review of Three Approaches

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy


Oneok launches $2B senior note offering for debt repayment

Oneok Inc. commenced an offering to sell $2.0 billion of senior notes to repay nearer-term senior notes and other debts.

The offering is composed of $500 million of 5-year senior notes at a coupon of 2.75%, $750 million of 10-year senior notes at a coupon of 3.40% and $750 million of 30-year senior notes at a coupon of 4.45%, according to an Aug. 12 news release.

The Oklahoma-based energy midstream services provider expects to receive about $1.97 billion in net proceeds, which would be used to repay $300 million of senior notes due March 2020 and for general corporate purposes, including debt repayment and funding of capital expenditures.

The offering is scheduled to close on Aug. 15.

J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Mizuho Securities USA LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., Scotia Capital (USA) Inc., SMBC Nikko Securities America Inc., U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are acting as joint book-running managers.