05:33 AM EDT, 08/07/2025 (MT Newswires) -- ONEOK ( OKE ) said Wednesday it priced a $3 billion senior notes offering, including $750 million of 7-year senior notes at a coupon of 4.95%, $1.0 billion of 10-year senior notes at 5.40%, and $1.25 billion of 30-year senior notes at 6.25%.

The company expects net proceeds of about $2.96 billion after fees and expenses, it said.

Proceeds will be used to repay outstanding commercial paper and senior notes due Sept. 15, and for general corporate purposes, the company added.

The offering is expected to close on or about Aug. 12, subject to customary conditions, ONEOK ( OKE ) said.