Oneok plans offering of guaranteed fixed-rate notes in two tranches

By Devika Patel

Knoxville, Tenn., July 10 – Oneok Inc. intends to offer dollar-denominated guaranteed fixed-rate notes in two tranches, according a 424B5 filing with the Securities and Exchange Commission.

The notes are due in 2027 and 2047.

The notes will have a make-whole call and then are callable at par.

Citigroup Global Markets Inc., Barclays, BofA Merrill Lynch and Mizuho Securities USA Inc. are the joint bookrunners.

Proceeds will be used for general corporate purposes, including debt repayment and capital expenditures.

The securities are guaranteed by Oneok Partners LP and Oneok Partners Intermediate LP. The natural gas company is based in Tulsa, Okla.

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