Oneok Inc SEC Filings

Randy N. Lentz, Executive Vice President and Chief Operating Officer of ONEOK, reported receipt of 10,331 restricted stock units under the companys Equity Incentive Plan on 09/23/2025. The award is classified as RSU 2025-S and will vest on 09/23/2028. During the three-year vesting period the units will accrue dividend equivalents that will be paid in shares when the underlying units vest. The filing shows 10,331 shares of common stock will underlie the award and that the reporting was submitted via attorney-in-fact on 09/25/2025. No exercise price or cash payment is reported because this is a grant of restricted units rather than an option.

ONEOK (OKE) reported a Form 4 showing Kevin L. Burdick, Executive Vice President and Chief Enterprise Services Officer, received 13,774 restricted stock units on 09/23/2025 under the RSU 2025-S award. The award vests in three tranches: 20% on 09/23/2026, 30% on 09/23/2027, and 50% on 09/23/2028. Dividend equivalents will be credited during the vesting period and paid in shares when units vest. Following the grant, Burdick directly beneficially owns 13,774 common shares attributable to these units. The Form 4 was signed by an attorney-in-fact on behalf of Burdick on 09/25/2025.

Walter S. Hulse III, identified as Chief Financial Officer, Treasurer and Executive Vice President, Investor Relations and Corporate Development of ONEOK, received a grant of 34,435 restricted stock units (RSU 2025-S) on 09/23/2025. The RSUs are scheduled to vest in three tranches: 20% on 09/23/2026, 30% on 09/23/2027 and 50% on 09/23/2028. Dividend equivalents will be credited during the vesting period and paid in shares when units vest. Following the award, Mr. Hulse beneficially owns 34,435 shares directly. The Form 4 was signed by an attorney-in-fact and filed on 09/25/2025.

Oneok, Inc. (OKE) submitted a Rule 144 notice reporting a proposed sale of 1,104 common shares through Morgan Stanley Smith Barney LLC on the NYSE with an aggregate market value of $79,945.67. The filing itemizes the origin of the 1,104 shares: 399 restricted stock (acquired 02/17/2024), 510 ESPP shares (06/30/2023), 94 dividend reinvestment shares (11/15/2021), and 101 performance shares (02/23/2025). The filer reports no securities sold in the past three months and affirms they have no undisclosed material adverse information.

ONEOK, Inc. completed a registered public offering across three fixed-rate note tranches: $750 million of 4.950% notes due 2032, $1.0 billion of 5.400% notes due 2035 and $1.25 billion of 6.250% notes due 2055, producing approximately $2.959 billion of net proceeds after underwriting discounts and estimated expenses. The issuance adds long-term, fixed-rate debt while providing immediate liquidity.

The company intends to use the net proceeds to repay all outstanding commercial paper and to repay in full senior notes maturing in 2025, with any remaining funds available for general corporate purposes, which may include repayment, repurchase or redemption of other indebtedness. The Notes are guaranteed by several ONEOK-related entities and governed by supplemental indentures filed as exhibits.

ONEOK (OKE) is issuing $3.0 billion of senior unsecured notes in three tranches: $750 m 4.950% due 2032, $1.0 bn 5.400% due 2035 and $1.25 bn 6.250% due 2055, all guaranteed by key subsidiaries.

After $22.1 m in underwriting fees and expenses, net proceeds are estimated at $2.959 bn. Management will use the cash to: 1) retire its $1.410 bn commercial-paper balance (4.65% weighted rate, <1-yr maturities) and 2) repay $387 m of 2.200% notes maturing 15-Sep-2025. Residual funds may be applied to other debt or general corporate purposes.

Pro-forma 30-Jun-2025 figures show total debt rising to $33.88 bn (from $32.47 bn) and cash increasing to $1.46 bn. The transaction lengthens the maturity profile to 2055, diversifies the ladder and removes near-term refinancing pressure, but increases fixed-rate interest cost versus the obligations being replaced. Covenants are typical investment-grade (limitations on liens, sale/leasebacks, merger) with no financial maintenance tests. Each series has a make-whole call and par-call window (2 months for 2032s, 3 months for 2035s, 6 months for 2055s).

On 6 Aug 2025, ONEOK, Inc. (NYSE: OKE) signed an Underwriting Agreement with a bank syndicate to issue an aggregate $3.0 billion of senior unsecured notes, fully guaranteed by affiliated entities.

• $750 million 4.950% notes due 2032
• $1.0 billion 5.400% notes due 2035
• $1.25 billion 6.250% notes due 2055

The offering is scheduled to close 12 Aug 2025. Net proceeds will (i) repay all outstanding commercial paper and (ii) retire senior notes maturing 15 Sep 2025, with any remainder applied to general corporate purposes, including additional debt repayment or redemption.

The agreement contains standard representations, warranties, indemnities and termination rights. A related press release announcing pricing is furnished under Item 7.01 (Exhibit 99.1). The underwriting contract is filed as Exhibit 1.1.

The transaction replaces near-term liabilities with long-tenor fixed-rate debt, bolstering liquidity and extending ONEOK’s maturity schedule without equity dilution.

ONEOK, Inc. (NYSE: OKE) has filed a preliminary prospectus supplement for a multi-tranche senior unsecured note offering. Exact coupon rates, maturities and tranche sizes are still blank, but the company discloses key use-of-proceeds information: the net proceeds (estimated at “approximately $$--- billion”) will first repay the entire $1.41 billion outstanding under its commercial-paper program (weighted-avg 4.65% rate) and the $387 million 2.20% senior notes maturing 15 Sep 2025. Any residual cash may fund additional debt repurchases or general corporate purposes.

The notes will rank pari passu with ONEOK’s existing ~$30.15 billion senior notes and will be fully and unconditionally guaranteed on a senior unsecured basis by key subsidiaries, including ONEOK Partners and Magellan. As of 30 Jun 2025, total consolidated debt stood at $32.5 billion; no secured debt is outstanding. The indenture contains customary covenants (negative pledge, limitation on sale-leasebacks, merger restriction) but no financial maintenance tests. The preliminary document reiterates leverage-related risks: high debt service, structural subordination to non-guarantor subsidiaries and potential refinancing pressure in adverse markets. The issue will settle through DTC; the notes are not expected to be listed.

ONEOK, Inc. (OKE) filed Post-Effective Amendment No. 2 to its automatic shelf Registration Statement on Form S-3. The amendment adds two recently acquired subsidiaries—Elk Merger Sub II, L.L.C. (f/k/a EnLink Midstream, LLC) and EnLink Midstream Partners, L.P.—as co-registrants and potential guarantors of any debt securities issued under the shelf. No changes are made to the base prospectus and no new securities amounts are registered; the company continues to rely on Rule 415 for “from-time-to-time” offerings and Rule 456(b)/457(r) to defer filing fees until an actual takedown.

The filing restates indemnification provisions, exhibits, undertakings and signature pages for ONEOK, its limited-partnership and LLC subsidiaries (including recently acquired Magellan Midstream Partners). ONEOK remains a large accelerated filer. PricewaterhouseCoopers LLP’s audit opinion is incorporated by reference, noting internal-control exclusions for 2024 acquisitions.

Impact: The amendment streamlines future capital-markets access by ensuring newly consolidated entities can guarantee debt, potentially lowering funding costs and broadening investor appeal. However, it also leaves open the possibility of additional leverage or equity issuance, with dilution or higher debt load depending on future transactions.