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S&P gives Oneok Partners notes BBB
Standard & Poor's said it assigned its BBB issue-level rating to Oneok Partners LP's proposed senior unsecured notes offering due 2018, 2023, and 2026.
Oneok Partners intends to use the net proceeds to repay amounts outstanding under its commercial paper program and for general partnership purposes.
Pro forma for its Aug. 7 equity offering, Oneok Partners had about $4.8 billion in consolidated balance-sheet debt.
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