ONEOK Partners Announces 10.0 Million Common Units Public Offering

ONEOK Partners OKS today announced a public offering of 10.0 million of its common units, representing limited partner interests, subject to market and other conditions. The units will be offered by ONEOK Partners pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission. ONEOK Partners expects to use the net proceeds from the common unit public offering for general partnership purposes and to repay amounts outstanding under its $1.2 billion commercial paper program. Morgan Stanley, Barclays, J.P. Morgan, UBS Investment Bank, Wells Fargo Securities, Citigroup, Deutsche Bank Securities, Goldman, Sachs & Co. and RBC Capital Markets are acting as joint book-running managers in the public offering. Baird, BB&T Capital Markets, Global Hunter Securities, Oppenheimer & Co. and Stifel are acting as co-managers in the public offering. The partnership is expected to grant to the underwriters a 30-day option to purchase up to an additional 1,500,000 common units to cover over-allotments, if any. When the common unit public offering is complete, ONEOK Partners will have 230.1 million units outstanding, which includes 157.1 million common units and 73.0 million Class B units. The aggregate ownership interest in the partnership by ONEOK, Inc. and a subsidiary, which is the sole general partner of the partnership, will be approximately 41.5 percent, compared with 43.3 percent previously, assuming the over-allotment option is not exercised. 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. A copy of the prospectus and prospectus supplement may be obtained from the underwriters as follows