Oneok markets three tranches of guaranteed fixed-rate senior notes

By Cristal Cody

Tupelo, Miss., Aug. 12 – Oneok Inc. expects to price three tranches of dollar-denominated guaranteed senior notes, according to a 425B5 filing with the Securities and Exchange Commission on Monday.

The deal includes notes due 2024, 2029 and 2049.

J.P. Morgan Securities, LLC, BofA Securities, Inc., Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC are the bookrunners.

The issues will have make-whole and par calls.

The bonds are guaranteed by Oneok Partners LP and Oneok Partners Intermediate LP.

Proceeds will be used to redeem in full the company’s $300 million of 3.8% senior notes due 2020 and for general corporate purposes.

Oneok is a midstream service provider and natural gas company based in Tulsa, Okla.

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