Baird served as a co-manager on this offering
AboutONEOK Partners, L.P. (“ONEOK Partners” or the “Partnership”) (NYSE: OKS) recently completed a follow-on offering of 13,915,000 common units at a price of $52.94 per unit, generating gross proceeds of approximately $736.7 million. The Partnership intends to use the net proceeds from the offering for general partnership purposes and to repay amounts outstanding under its commercial paper program.
ONEOK Partners is one of the largest publicly traded master limited partnerships in the United States and is a leader in the gathering, processing, storage and transportation of natural gas in the United States and owns one of the nation's premier natural gas liquids ("NGL") systems, connecting NGL supply in the Mid-Continent and Rocky Mountain regions with key market centers. Its general partner is a wholly owned subsidiary of ONEOK, Inc. (NYSE: OKE), a pure-play, publicly traded general partner, which owns 41.0 percent of ONEOK Partners as of March 31, 2014. The Partnership is headquartered in Tulsa, Oklahoma.
For additional information about this transaction, please contact:
- May 2014
- ONEOK Partners, L.P.
- Target Location
- North America
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