ONEOK (OKE) Prices 26M Share Common Offering at $32/Sh

ONEOK, Inc. (NYSE: OKE) today announced that it priced its previously announced public offering of 26 million shares of its common stock at a price to the public of $32.00 per share. ONEOK expects gross proceeds from the offering, before deducting underwriting discounts and offering expenses, will total approximately $832.0 million.

ONEOK also granted 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.

Barclays, J.P. Morgan and Citigroup are acting as lead book-running managers for the offering.

BofA Securities, Credit Suisse and Wells Fargo Securities are also acting as book-running managers for the offering. Goldman Sachs & Co. LLC, Morgan Stanley, PNC Capital Markets LLC, SMBC Nikko, SunTrust Robinson Humphrey and Tudor, Pickering, Holt & Co. are acting as co-managers in the offering.

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