ONEOK (OKE) Announces 26M Share Public Offering of Common Stock
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ONEOK Announces Public Offering of Common Stock
June 11, 2020 7:01 AM EDTTULSA, Okla., June 11, 2020 /PRNewswire/ --Â ONEOK, Inc. (NYSE: OKE) today announced an underwritten public offering of 26 million shares of its common stock. ONEOK expects to grant to the underwriters a 30-day over-allotment option to purchase up to 3.9 million additional shares.
ONEOK expects to use the net proceeds from the offering for general corporate purposes, which may include the repayment of existing indebtedness and the funding of capital expenditures.Â
Barclays, J.P. Morgan and Citigroup are acting as lead book-running managers in the offering.
BofA Securities, Credit Suisse... More
