Reported Earlier, ONEOK Prices $7B Senior Notes To Finance EnLink And Medallion Midstream Acquisitions And Corporate Debt Repayment
Portfolio Pulse from Benzinga Newsdesk
ONEOK has priced $7 billion in senior notes to finance acquisitions of interests in EnLink Midstream and Medallion Midstream, as well as to repay corporate debt. The net proceeds are expected to be approximately $6.92 billion.
September 11, 2024 | 7:07 am
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ONEOK has issued $7 billion in senior notes to finance acquisitions of EnLink and Medallion Midstream interests and to repay corporate debt. This move is part of ONEOK's strategy to expand its infrastructure and manage its debt profile.
The issuance of $7 billion in senior notes by ONEOK is a significant financial maneuver aimed at expanding its infrastructure through acquisitions and managing its debt. This is likely to positively impact ONEOK's stock in the short term as it demonstrates strategic growth and financial management.
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