ONEOK Announces Pricing Terms of Cash Tender Offers
ONEOK announced the pricing terms of cash tender offers by its subsidiary ONEOK L.L.C. to purchase up to $2 billion of OpCo's outstanding senior notes, with the notes fully and unconditionally guaranteed by ONEOK as Parent Guarantor. All conditions of the tender offers were satisfied or waived, and OpCo expects to accept and pay for $2 billion of notes validly tendered by the Early Tender Deadline, with settlement expected on September 17, 2026. Because tenders reached the cap, no notes tendered after the Early Tender Deadline will be accepted and late tenders will be returned to holders.
Key figures
- Guarantor
- ONEOK, Inc. (fully and unconditionally)
- Expiration time
- 5:00 p.m. New York City time, September 29, 2026
- Early tender premium
- $50 per $1,000 principal amount
- Notes series offered
- 20
- Early settlement date
- September 17, 2026
- Expected accepted amount
- $2 billion
- Aggregate maximum tender amount
- $2 billion
- Notes series accepted at priority
- 14
AI analysis
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