Form 8-K · Current Report · Filed 2025-02-20
ONEOK, Inc. Announces New Credit Agreement and Guarantee
On February 14, 2025, ONEOK, Inc. entered into a second amended and restated credit agreement with Citibank, N.A., increasing the size of the revolving unsecured credit facility from $2.5 billion to $3.5 billion and extending the maturity date from June 2028 to February 2030. Additionally, several subsidiaries of ONEOK entered into a guaranty agreement, guaranteeing the obligations of ONEOK under the New Credit Agreement.
- Filer
- Oneok Inc. OKE · NYSE
- Filed
- Accession
- 0001213900-25-015669
- CIK
- 0001039684
- Signal
- Medium impactEnergy
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Creation of a Direct Financial Obligation
Financial Statements and Exhibits
Market reaction
Close before filing
$99.20
Next session
-1.1%
Since filing
-8.5%
Latest close
$90.81
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from OKE reporting the same item, with the next session's move:
Exhibits (2)
About Oneok Inc.
Oneok Inc., a prominent energy company, plays a crucial role in the United States' natural gas and natural gas liquids (NGL) industries. As an integral midstream service provider, Oneok focuses on gathering, processing, transportation, and storage of natural gas, as well as the fractionation and distribution of NGL products. Its operations span extensive and strategically positioned infrastructure, particularly in prolific production areas like the Rocky Mountains, Mid-Continent, and Permian Basin regions. These operations allow Oneok to efficiently manage the supply chain of hydrocarbons from the extraction points to end-users, ensuring a reliable energy supply. The company's comprehensive service offerings cater to a diverse clientele, including utilities, refiners, and chemical companies. Established in 1906, Oneok has significantly contributed to the energy landscape by enhancing the value chain of natural gas and fostering the transition towards cleaner energy sources. The company's dedication to safety, operational excellence, and sustainability underscores its commitment to the evolving energy market.
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