ONEOK Prices Offering To Sell $5.25B Of Senior Notes
Portfolio Pulse from Benzinga Newsdesk
ONEOK has priced its offering to sell $5.25 billion of senior notes. The offering includes $750 million of 3-year notes at 5.550%, $750 million of 5-year notes at 5.650%, $500 million of 7-year notes at 5.800%, $1.50 billion of 10-year notes at 6.050%, and $1.75 billion of 30-year notes at 6.625%.
August 11, 2023 | 5:08 am
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NEUTRAL IMPACT
ONEOK's pricing of its $5.25 billion senior notes offering could impact its stock price. The offering includes various notes with different maturity dates and coupon rates.
The pricing of the senior notes offering could impact ONEOK's stock price. However, the direction of the impact is uncertain as it depends on various factors such as investor response to the offering, market conditions, and the company's use of the proceeds from the offering.
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IMPORTANCE 75
RELEVANCE 100