Shearman And Sterling

News January 09, 2018

ONEOK’s $1.2 Billion Common Stock Offering

Shearman & Sterling represented the underwriters, led by Credit Suisse, in connection with the offering of 21,850,000 shares of common stock of ONEOK, Inc., which includes the exercise in full by the underwriters of their option to purchase up to 2,850,000 additional shares, for total gross proceeds of approximately $1.2 billion. The net proceeds from the offering are being used for a concurrently announced new natural gas liquids pipeline in the Rocky Mountain region and general corporate purposes. The offering was pursuant to ONEOK’s existing effective shelf registration statement on Form S-3.

The Team