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ONEOK Buys Back Portion Of Notes

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February 12, 2014

ONEOK Inc. (NYSE: OKE) bought back roughly $152.6 million—21.8%--of its outstanding 4.25% notes due 2022, the company said Feb. 11. These notes were tendered, but not withdrawn by the tender offer’s expiration date, the company noted. They were to be bought alongside 6.0% notes due 2035, ONEOK added.

The offer expired early on Feb. 11, the company said.

No 6.0% notes were bought back, and tendered notes will be returned to shareholders, the company said. ONEOK only accepted 4.25% notes up to a maximum payment of $150 million, excluding accrued ...

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