Summary
ONEOK, Inc. (OKE) has filed an 8-K detailing the redemption of its $400 million aggregate principal amount of 5.2 percent notes due 2015. The redemption, completed on March 5, 2014, involved a total payment of approximately $430.1 million, covering the principal, a make-whole amount, and accrued interest. This action effectively terminates ONEOK's obligations under the associated indenture. Additionally, the company announced its participation, along with ONEOK Partners, L.P., in the Barclays Investment Grade Energy and Pipeline Conference on March 6, 2014, with presentation materials made available online.
Key Highlights
- 1ONEOK Inc. has successfully redeemed its $400 million aggregate principal amount of 5.2 percent notes due 2015.
- 2The total cost for the redemption was approximately $430.1 million, including principal, make-whole premium, and accrued interest.
- 3The redemption, finalized on March 5, 2014, signifies the termination of ONEOK's obligations under the note's indenture.
- 4ONEOK and ONEOK Partners, L.P. are participating in the Barclays Investment Grade Energy and Pipeline Conference on March 6, 2014.
- 5Presentation materials for the conference were made available on the companies' websites on March 6, 2014.