ONEOK Inc. Files 8-K for Material Definitive Agreement

TL;DR

ONEOK signed a big deal, filing an 8-K. Details to come.

AI Summary

ONEOK, Inc. entered into a material definitive agreement on September 10, 2024. The filing is a Form 8-K, indicating a significant event for the company. Specific details of the agreement are not provided in this excerpt, but it is classified under 'Entry into a Material Definitive Agreement'.

Why It Matters

This filing signals a significant new development or contract for ONEOK, Inc., which could impact its business operations, financial performance, or strategic direction.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, which could carry significant financial or operational implications, but the lack of specific details prevents a definitive risk assessment.

Key Players & Entities

• ONEOK, Inc. (company) — Registrant
• September 10, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — registered Common stock, par value of $0.01 OKE New York Stock Exchange Indic
• $1.25 billion — e and sale (the "Offering") by ONEOK of $1.25 billion aggregate principal amount of its 4.250
• $600 million — 250% notes due 2027 (the "2027 Notes"), $600 million aggregate principal amount of its 4.400
• $1.60 billion — 750% notes due 2031 (the "2031 Notes"), $1.60 billion aggregate principal amount of its 5.050
• $1.50 billion — 050% notes due 2034 (the "2034 Notes"), $1.50 billion aggregate principal amount of its 5.700
• $800 million — notes due 2054 (the "2054 Notes"), and $800 million aggregate principal amount of its 5.850

Filing Documents

• ea0214045-8k_oneok.htm (8-K) — 34KB
• ea021404501ex1-1_oneok.htm (EX-1.1) — 249KB
• ea021404501ex99-1_oneok.htm (EX-99.1) — 23KB
• image_001.jpg (GRAPHIC) — 6KB
• ex99-1_001.jpg (GRAPHIC) — 7KB
• ex99-1_002.jpg (GRAPHIC) — 5KB
• 0001213900-24-078685.txt ( ) — 562KB
• oke-20240910.xsd (EX-101.SCH) — 3KB
• oke-20240910_lab.xml (EX-101.LAB) — 33KB
• oke-20240910_pre.xml (EX-101.PRE) — 22KB
• ea0214045-8k_oneok_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Underwriting Agreement On September 10, 2024, ONEOK, Inc. ("ONEOK"), ONEOK Partners, L.P. ("ONEOK Partners"), ONEOK Partners Intermediate Limited Partnership ("ONEOK Partners Intermediate") and Magellan Midstream Partners, L.P. ("Magellan" and, together with ONEOK Partners and ONEOK Partners Intermediate, the "Guarantors") entered into an underwriting agreement (the "Underwriting Agreement") with J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, Barclays Capital Inc., BofA Securities, Inc., and Wells Fargo Securities, LLC, as representatives of the underwriters named therein (the "Underwriters"), with respect to the issuance and sale (the "Offering") by ONEOK of $1.25 billion aggregate principal amount of its 4.250% notes due 2027 (the "2027 Notes"), $600 million aggregate principal amount of its 4.400% notes due 2029 (the "2029 Notes"), $1.25 billion aggregate principal amount of its 4.750% notes due 2031 (the "2031 Notes"), $1.60 billion aggregate principal amount of its 5.050% notes due 2034 (the "2034 Notes"), $1.50 billion aggregate principal amount of its 5.700% notes due 2054 (the "2054 Notes"), and $800 million aggregate principal amount of its 5.850% notes due 2064 (the "2064 Notes" and, together with the 2027 Notes, the 2029 Notes, the 2031 Notes, the 2034 Notes and the 2054 Notes, the "Notes") and such Notes guaranteed by the Guarantors. The Offering is expected to close on September 24, 2024, subject to customary closing conditions. As described in the prospectus supplement, dated September 10, 2024, ONEOK intends to use the net proceeds from the Offering to fund the purchase prices for its previously announced transactions with affiliates of Global Infrastructure Partners ("GIP") to acquire GIP's entire interests in EnLink Midstream, LLC and Medallion Midstream, LLC and to pay related fees and expenses. ONEOK intends to use any remaining net proceeds for general corporate purposes, which may i

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. ONEOK issued a news release on September 10, 2024, announcing the pricing of the Notes. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information disclosed in this Item 7.01, including Exhibit 99.1 hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act except as expressly set forth by specific reference in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 1.1 Underwriting Agreement, dated September 10, 2024, among ONEOK, Inc., ONEOK Partners, L.P., ONEOK Partners Intermediate Limited Partnership, Magellan Midstream Partners, L.P. and J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, Barclays Capital Inc., BofA Securities, Inc., and Wells Fargo Securities, LLC, as representatives of the underwriters named therein. 99.1 News release issued by ONEOK, Inc. dated September 10, 2024. 104 Cover page interactive data file (embedded within the Inline XBRL document and contained in Exhibit 101). 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ONEOK, INC. Date: September 13, 2024 By: /s/ Walter S. Hulse III Name: Walter S. Hulse III Title: Chief Financial Officer, Treasurer and Executive Vice President, Investor Relations and Corporate Development 3

View Full Filing

View this 8-K filing on SEC EDGAR