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S&P rates Oneok Partners loan BBB
Standard & Poor's said it assigned its BBB issue-level rating to U.S. midstream energy partnership Oneok Partners LP's $1 billion three-year unsecured term loan offering.
The partnership intends to use net proceeds for general partnership purposes, including the repayment of existing borrowings. As of Sept. 30, the partnership had about $7.1 billion of reported debt.
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