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News Jul 25, 2017

Shearman & Sterling Advises on ONEOK’s $1.2 Billion Senior Notes Offering

Shearman & Sterling represented the underwriters, led by Citigroup in connection with a shelf takedown of $500 million of ONEOK, Inc.’s 4.00% notes due 2027 and $700 million of ONEOK, Inc.’s 4.95% notes due 2047. The net proceeds from the offering are being used for general corporate purposes.

The Shearman & Sterling team included partners Jason Lehner (Toronto-Capital Markets) and Lona Nallengara (New York-Capital Markets); and associates Sean Dougherty (New York-Capital Markets) and Philip Dear (New York-Corporate Group). Other Shearman & Sterling lawyers involved in the transaction were partner Ethan Harris (Washington, D.C.-Tax); counsel Jason Pratt (New York-Environmental), Donna Bobbish (Washington, D.C.-Project Development & Finance) and Jennifer Morton (New York-Financial Institutions Advisory & Financial Regulatory); and associates Jenny Ding Jordan (New York- Financial Institutions Advisory & Financial Regulatory) and Adam Sternberg (New York-Tax).