Market Overview

ONEOK Partners Enters into an Equity Distribution Agreement; To Offer Up to $300M Units

ONEOK Partners(NYSE: OKS) today announced that it has filed a prospectus supplement with the Securities and Exchange Commission (SEC) through which it may, from time to time, issue common units representing limited partner interests with an aggregate offering price of up to $300 million through Citigroup Global Markets Inc. as sales agent.

Sales of common units, if any, will be made by means of ordinary brokers' transactions on the New York Stock Exchange, in block transactions, or as otherwise agreed to between ONEOK Partners and Citigroup Global Markets.

ONEOK Partners is under no obligation to issue common units under the equity distribution agreement. The partnership intends to use the net proceeds from sales under the program for general partnership purposes, which may include, among other things, repayment of debt, working capital, capital expenditures and repurchases of securities.

This news release is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

The common units will be offered pursuant to a prospectus supplement, dated Nov. 13, 2012, to the partnership's base prospectus, dated Aug. 13, 2012, filed as part of its effective shelf registration statement previously filed with the SEC. Copies of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained by visiting EDGAR on the SEC website at www.sec.gov, or as follows:

Citigroup Attn: Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 Phone: 800-831-9146

Posted-In: News Offerings

 

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