Shearman & Sterling represented the underwriters, led by Barclays, J.P. Morgan and Citigroup, in connection with the offering of 29.9 million shares of common stock of ONEOK, Inc., which includes the exercise in full by the underwriters of their option to purchase up to 3.0 million additional shares. The net proceeds from the offering are being used for general corporate purposes, which may include the repayment of existing indebtedness and the funding of capital expenditures. The offering was conducted pursuant to ONEOK’s existing effective shelf registration statement on Form S-3.

ONEOK is a leading midstream service provider and owns one of the nation’s premier natural gas liquids (NGLs) systems, connecting NGL supply in the Rocky Mountain, Permian and Mid-Continent regions with key market centers and an extensive network of natural gas gathering, processing, storage and transportation assets.

The Shearman & Sterling team below also included associate Polina Pristupa.

The Team