ONEOK announces $2 billion debt repurchase via cash tender offers

ONEOK, Inc. has announced the pricing terms for cash tender offers through its subsidiary, ONEOK, L.L.C. The company intends to repurchase debt securities up to an aggregate maximum purchase price of $2 billion.

As of the early tender deadline on September 14, 2026, sufficient valid offers were received to fulfill the entire $2 billion maximum tender amount. The company expects to settle the early tendered notes on September 17, 2026. This move is intended to reduce outstanding liabilities and lower interest expenses in the coming years by targeting predominantly higher-interest bonds.