Oneok starts roadshow for $500 million eight-year senior notes via bookrunner Citigroup

By Paul A. Harris

Portland, Ore., Aug. 13 – Oneok Inc. began a roadshow on Thursday in New York City for a $500 million offering of non-callable eight-year senior notes (Ba1/BB+), according to an informed source.

An investor call is scheduled to take place at noon ET on Thursday.

The roadshow moves to Boston on Friday and to the West Coast of the United States on Monday.

More investor calls are set for Tuesday, and the deal is also expected to price on Tuesday.

Citigroup Global Markets Inc. is the bookrunner for the public offering. Mizuho Bank is the co-manager.

The Tulsa, Okla.-based natural gas company plans to use the proceeds to fund the acquisition of limited partner units of Oneok Partners LP (OKS) under an Equity Support Agreement, which will then be used to repay commercial paper at OKS and fund capital expenditures at OKS.

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