ONEOK Files $1.0 Billion At-the-Market Equity Offering Program
ONEOK INC /NEW/
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Filing Summary
ONEOK Inc. ($OKE) has filed a Form 424B5 prospectus supplement establishing an at-the-market (ATM) equity offering program to issue and sell shares of common stock with an aggregate offering price of up to $1,000,000,000 through BofA Securities, Inc. acting as sales agent, principal, or forward seller, alongside forward sale agreements with Bank of America, N.A.
Comprehensive Analysis
Offering Overview
ONEOK, Inc. filed a prospectus supplement under Form 424B5 relating to an at-the-market (ATM) equity distribution program covering up to $1,000,000,000 in aggregate offering price of common stock (par value $0.01 per share).
Key Offering Details
- Agent / Manager: BofA Securities, Inc.
- Forward Purchaser: Bank of America, N.A.
- Maximum Aggregate Offering Amount: $1,000,000,000
- Mechanics: Sales may occur through ordinary broker transactions on the NYSE, block transactions, or forward sale agreements.
- Sales Commission: Up to 2.0% of the gross sales price.
- Use of Proceeds: Net proceeds from sales or settlement of forward sales agreements are slated for general corporate purposes, which may include debt repayment/refinancing, funding working capital, capital expenditures, or acquisitions.
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