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AI brief of an SEC Form 8-K · Oneok (OKE)

ONEOK completes $3 billion note offering to repay commercial paper and 2025 notes

Neutral Impact 3 of 5 financing Written later

ONEOK completed an underwritten public offering of $3.0 billion in senior notes due 2032, 2035 and 2055, with net proceeds of approximately $2.959 billion. The company plans to use the proceeds mainly to repay all outstanding commercial paper and its senior notes due September 15, 2025, which refinances near-term debt rather than adding a stated new use for shareholders.

Key points

  • Notes issued August 12, 2025: $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
  • Net proceeds of approximately $2.959 billion after underwriting discounts and estimated offering expenses
  • Proceeds intended to repay all outstanding commercial paper and senior notes due September 15, 2025, with any remaining amount for general corporate purposes
  • Notes are guaranteed by ONEOK Partners, Magellan Midstream Partners, EnLink Midstream Partners and other subsidiaries

The filing

CompanyOneok (OKE)
Form8-K, current report
Filed with the SECAug 13, 2025, 5:28 PM ET
Accession number0001193125-25-179986

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

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 13, 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.