By Wendy Van Sickle
Columbus, Ohio, May 4 – Oneok Inc. priced $1.5 billion of senior notes (/BBB/) in three parts, according to a news release Monday evening.
The company priced $600 million of five-year senior notes at a coupon of 5.85%.
It priced $600 million of 6.35% 10-year senior notes.
Oneok also priced $300 million of 7.15% 30-year senior notes.
The notes will have a make-whole call until the par call date and then are callable at par.
Citigroup Global Markets Inc., BofA Securities Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Wells Fargo Securities LLC, Credit Suisse Securities (USA) LLC, RBC Capital Markets, LLC, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., SunTrust Robinson Humphrey, Inc. and U.S. Bancorp Investments, Inc. are the joint bookrunners.
Proceeds will be used to repay debt under the company’s term loan facility and for general corporate purposes, including repaying other debt and capital expenditures.
The natural gas company is based in Tulsa, Okla.
| Issuer: | Oneok Inc.
|
| Amount: | $1.5 billion
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup Global Markets Inc., BofA Securities Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Wells Fargo Securities LLC, Credit Suisse Securities (USA) LLC, RBC Capital Markets, LLC, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., SunTrust Robinson Humphrey, Inc. and U.S. Bancorp Investments, Inc.
|
| Trade date: | May 4
|
| Settlement date: | May 7
|
| Ratings: | S&P: BBB
|
| Distribution: | SEC registered
|
|
|
| Five-year notes
|
| Amount: | $600 million
|
| Maturity: | 2025
|
| Coupon: | 5.85%
|
|
|
| 10-year notes
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| Amount: | $600 million
|
| Maturity: | 2030
|
| Coupon: | 6.35%
|
|
|
| 30-year notes
|
| Amount: | $300 million
|
| Maturity: | 2050
|
| Coupon: | 7.15%
|
|
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