What is the primary purpose of this filing?

This Form 8-K filing announces that ONEOK Partners, L.P. has entered into an agreement to increase its revolving credit facility commitments by $700 million, bringing the total to $2.4 billion. This enhances the company's financial flexibility.

How does this credit facility increase benefit ONEOK Partners?

The increased credit facility provides ONEOK Partners with greater financial flexibility, increased liquidity, and improved access to capital. This can be used to fund operations, capital expenditures, potential acquisitions, or to manage working capital needs, supporting overall business growth and stability.

Who are the key parties involved in the credit facility?

The key parties include ONEOK Partners, L.P. as the borrower, the various lenders providing the commitments, and Citibank, N.A. serving as the administrative agent.

Is this information considered 'filed' with the SEC for all purposes?

The information disclosed in Item 7.01, including the press release, is furnished and generally not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, nor is it automatically incorporated by reference into other filings unless specifically stated.

OKE 8-K: Material Agreements & Regulation FD

Summary

ONEOK Partners, L.P. (a subsidiary of ONEOK Inc.) announced on March 10, 2015, that it entered into an Increase and Joinder Agreement to its existing revolving credit facility. This agreement significantly enhances ONEOK Partners' liquidity by increasing its credit facility commitments by $700 million, bringing the total commitments to $2.4 billion. This expansion is a positive development for investors, indicating the company's strengthened financial flexibility and its ability to support ongoing operations and potential growth initiatives. The increase in borrowing capacity suggests confidence from lenders in ONEOK Partners' financial health and its strategic direction. Investors should view this as a measure to ensure adequate funding for capital expenditures, acquisitions, or to manage working capital needs, thereby supporting long-term value creation and dividend stability.

Key Highlights

1ONEOK Partners, L.P. increased its revolving credit facility commitments by $700 million.
2The total commitments under the credit agreement will now stand at $2.4 billion, up from $1.7 billion.
3This increase was achieved through an Increase and Joinder Agreement entered into on March 10, 2015.
4Citibank, N.A. continues to serve as the administrative agent for the credit facility.
5The company issued a press release on March 10, 2015, to disclose this material agreement.
6This move enhances ONEOK Partners' financial flexibility and liquidity.

ONEOK INC /NEW/ 8-K Report, Material Agreement (Mar 10, 2015)

Summary

Key Highlights

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