Oneok gets new $1bn financing and agrees to buy US gas co

The agreement is with a syndicate of 15 banks led by Bank of America and Citibank, and replaces an expiring 364-day, $850 million credit agreement. The deal was oversubscribed by more than $300 million in credit commitments, and Oneok has the option of increasing the credit line to $1.2 billion if necessary.

The company will use the new funding for new acquisitions or other purposes, says Oneok analyst Weldon Watson. However, Oneok will not draw on the facility for the Northern Plains purchase –

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here