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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Thu., Aug. 27, 4:49 PM

Slide #17. ONEOK Partners, L.P. Secondary Offering

Company: ONEOK Partners, L.P. (NYSE:OKS)
Date announced: 8/12/2015
Shares Offered: 24,900,000
Date of Pricing: 8/12/2015
Price Per Share: $30.17
Secondary Offering Details: ONEOK Partners, L.P. (NYSE: OKS) today announced that it has agreed to sell approximately 21.5 million of its common units representing limited partner interests at a price of $30.17 per unit to ONEOK, Inc. (NYSE: OKE), which is the parent company of ONEOK Partners GP, L.L.C., (General Partner), the sole general partner of ONEOK Partners. The common units will be sold to ONEOK, Inc. in a private placement. In addition, ONEOK Partners will concurrently sell approximately 3.3 million of its common units at a price of $30.17 per unit to funds managed by Kayne Anderson Capital Advisors, L.P. (Kayne Anderson). The common units will be offered by ONEOK Partners in a registered direct offering pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission.

ONEOK Partners' operations include gathering and processing of natural gas produced from crude oil and natural gas wells. Co.'s gathers and processes natural gas in the Mid-Continent region, which includes the Cana-Woodford Shale, Woodford Shale, Stack, South Central Oklahoma Oil Province, Springer Shale and the Mississippian Lime formation of Oklahoma and Kansas, and the Hugoton and Central Kansas Uplift Basins of Kansas. Co. also gathers and/or processes natural gas in two producing basins in the Rocky Mountain region: the Williston Basin, which spans portions of Montana and North Dakota and includes the Bakken Shale and Three Forks formations; and the Powder River Basin of Wyoming.
Open the OKS Page at The Online Investor »

Company Name:  ONEOK Partners LP
Website:  www.oneokpartners.com
Sector:  Oil & Gas Equipment & Services
Number of ETFs Holding OKS:  8
Total Market Value Held by ETFs:  $33.77M
Total Market Capitalization:  $5.79B
% of Market Cap. Held by ETFs:  0.58%
 

Open the OKS Page at The Online Investor (in a new window) »

August 27, 2015    4:49 PM Eastern
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Hold (2.17 out of 4)
7th percentile
(ranked lower than approx. 93% of all stocks covered)
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