Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
ONEOK Partners, L.P.
Baird served as a co-manager in this offering
ONEOK Partners, L.P. (NYSE: OKS) (“OKS” or the “Partnership”) recently completed a follow-on offering of 8,000,000 common units at a price of $59.27 per unit, generating gross proceeds of approximately $474.2 million. The Partnership intends to use the net proceeds from this offering to repay outstanding debt, fund capital expenditures and for other general Partnership purposes.
OKS is a publicly traded Delaware master limited partnership (“MLP”) that was formed in 1993. The Partnership is one of the largest publicly traded MLPs and a leader in the gathering, processing, storage and transportation of natural gas in the United States. In addition, OKS owns one of the nation’s premier natural gas liquids systems, connecting natural gas liquids supply in the Mid-Continent and Rocky Mountain regions with key market centers.