ONEOK Prices $3.0 Billion Senior Notes Offering to Repay Commercial Paper and 2025 Notes
ONEOK priced a $3.0 billion offering of senior notes in three tranches maturing in 2032, 2035 and 2055, with an expected net close of about $2.96 billion on or about August 12, 2025. The company plans to use the proceeds to repay all outstanding commercial paper and its senior notes due September 15, 2025, with any remaining funds for general corporate purposes, which may include debt repurchases or redemptions.
Key points
- $750 million of 4.950% notes due 2032, $1.0 billion of 5.400% notes due 2035, and $1.25 billion of 6.250% notes due 2055
- Expected net proceeds of about $2.96 billion, with closing expected on or about August 12, 2025
- Proceeds to repay all outstanding commercial paper and senior notes due September 15, 2025, at maturity
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 08, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.