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ONEOK Partners Opens Public Offering

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May 14, 2014

ONEOK Partners LP (NYSE: OKS) opened a public offering of 11 million common units that represented limited partner interests, the company said May 12.

Net proceeds will support general partnership purposes and also will repay outstanding amounts under the commercial paper program, ONEOK Partners added.

An underwriters’ monthlong option to purchase an additional 1.65 million units might be granted, the company said. ONEOK will have 244.1 million units outstanding after the offer closes, the company said. This amount will include 171.1 common units and 73 million class B units, the ...

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