Oneok Inc., founded in 1906 and headquartered in Tulsa, Oklahoma, is a leading midstream service provider focused on natural gas and natural gas liquids. The company operates an extensive network of pipelines and facilities, offering transportation, storage, and processing services to producers and consumers in the energy sector. Oneok plays a significant role in connecting natural gas producers with key markets, ensuring the efficient flow of energy resources across the United States.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Oneok has a notable history of bond issuances, initially starting to issue debt instruments in the late 1990s to support its expanding operations. A significant issuance occurred in 2020 when the company raised $1 billion in a senior unsecured note offering to refinance existing debt and fund capital expenditures. Currently, Oneok's bonds typically yield in line with industry standards, reflecting investor confidence in its financial stability and strategic growth plans. Additionally, the company holds investment-grade ratings, with special features in some issues allowing for flexible redemption options, which enhance their attractiveness to institutional investors.