ONEOK Completes Cash Tender Offers for $2 Billion in Debt Securities
News related to:ONEOK, Inc · 2 min read
TULSA, Okla., Sept. 15, 2026 /CourierPR/ -- ONEOK, Inc. announced the results of its cash tender offers for up to $2 billion in debt securities, subject to certain conditions. The offers, which were open until September 29, 2026, saw OpCo, the subsidiary of ONEOK, accept all Notes that were validly tendered and not withdrawn by the Early Tender Deadline of September 14, 2026.
According to the terms of the tender offers, OpCo will accept Notes in the order of their Acceptance Priority Level, with the highest priority given to Notes tendered at or before the Early Tender Deadline. The determination of the Early Tender Consideration will occur on September 15, 2026, and the settlement date for the Notes tendered at or before the Early Tender Deadline is expected to be September 17, 2026.
The tender offers were designed to allow OpCo to repurchase up to $2 billion in debt securities, with the exact amount to be determined based on the Acceptance Priority Level of the Notes. OpCo retained Barclays Capital Inc. as the Dealer Manager and D.F. King & Co., Inc. as the Information and Tender Agent for the tender offers.
Although the tender offers were initially scheduled to expire on September 29, 2026, the early acceptance of all Notes validly tendered and not withdrawn by the Early Tender Deadline means that OpCo does not expect to accept any additional tenders after this date. Any Notes tendered after the Early Tender Deadline will be promptly credited to the accounts of the Holders and returned in accordance with the terms of the tender offers.
ONEOK, Inc. operates as a leading midstream energy company, providing essential services such as gathering, processing, fractionation, transportation, storage, and marine export of natural gas, natural gas liquids (NGLs), refined products, and crude oil. The company's approximately 60,000-mile pipeline network plays a crucial role in meeting domestic and international energy demands, contributing to energy security and delivering safe, reliable, and responsible energy solutions.
The tender offers are part of ONEOK's ongoing efforts to manage its capital structure and optimize its financial position. The company's management has stated that the successful completion of the tender offers will help in reducing its debt burden and improving its financial flexibility.
The tender offers are subject to the satisfaction or waiver of certain conditions, including the Aggregate Maximum Tender Amount and proration. OpCo will provide further details on the determination of the Early Tender Consideration and the settlement of the Notes on the scheduled dates.
The company encourages all Holders of the Notes to review the Offer to Purchase, which contains important information regarding the tender offers. For any inquiries, Holders can contact Barclays Capital Inc. or D.F. King & Co., Inc., as specified in the release.