ONEOK Inc.
Description
Launched an underwritten public offering of 26 million shares of its common stock with expectations to grant underwriters a 30-day over-allotment option to purchase up to 3.9 million additional shares. Proceeds are expected to be used for general corporate purposes, which may include the repayment of existing indebtedness and capex funding. Barclays, J.P. Morgan and Citigroup are lead book-running managers. BofA Securities, Credit Suisse and Wells Fargo Securities are also book-running managers.