ONEOK launches cash tender offers for up to USD 2 billion of outstanding notes - OKE News | RalliesONEOK launches cash tender offers for up to USD 2 billion of outstanding notes
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OKE• ONEOK launches cash tender offers for outstanding debt
- ONEOK launched cash tender offers to buy up to USD 2 billion of 20 series of outstanding debt securities.
- Transaction supports a previously announced plan to repurchase or repay USD 5 billion of senior debt.
- Early tenders due Sept. 14, 2026. Expiration set for Sept. 29, 2026.
- Pricing set by fixed spreads to U.S. Treasuries. Early tender premium set at USD 50 per USD 1,000.
- Offers conditioned on Apollo’s minority equity investment and related reorganization. Early settlement expected Sept. 17, 2026.
