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ONEOK signs three year term loan agreement for USD1.5bn

Nov 20, 2018 - Global Banking News

ONEOK Inc (NYSE:OKE) declared on Monday that it signed a three-year unsecured term loan agreement for USD1.5bn.

Also, the company said that this loan will be used for general corporate purposes that may include repayment of existing debt and financing of capital expenditures. This term loan was increased to USD1.5bn as a result of strong demand.

The term loan is unsecured and includes a floating interest rate calculated based on the company's credit rating, currently 112.5 basis poin...