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Oneok Partners prices offering

By: Journal Record Staff//March 18, 2015//

Oneok Partners prices offering

By: Journal Record Staff//March 18, 2015//

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TULSA – Oneok Partners has priced an offering to sell $800 million of senior notes.

The offering includes $300 million of five-year senior notes at a coupon of 3.8 percent and $500 million of 10-year senior notes at a coupon of 4.9 percent.

Net proceeds are expected to total $793.8 million. Tulsa-based Oneok Partners expects to use the proceeds to repay debt from its commercial paper program and for general partnership purposes.