Clifford Chance
Clifford Chance Advises the Underwriters on ONEOK's US$3 Billion Notes Offering
August 8, 2025
- Trevor Lavelle, Om Pandya, Todd Lowther, Ty’Meka M. Reeves-Sobers, Jake DuCharme, Johnathan Walker, Nick Mitchell, Milica Pavlovic, Hannah Ebersole
- New York, Houston
Clifford Chance Advises the Underwriters on ONEOK's US$3 Billion Notes Offering
Global law firm Clifford Chance has advised the underwriters on a successful pricing by ONEOK, Inc. (NYSE: OKE), a leading midstream service provider, of a US$3 billion offering of senior notes. The offering is expected to close on or about August 12, 2025, subject to customary closing conditions.
The offering includes:
- US$750 million of 7-year senior notes at a coupon of 4.95%
- US$1 billion of 10-year senior notes at a coupon of 5.40%
- US$1.25 billion of 30-year senior notes at a coupon of 6.25%
The Clifford Chance team was led by Houston partners Trevor Lavelle and Om Pandya. The team also included capital markets associates Jake DuCharme, Johnathan Walker and Nick Mitchell. Partner Todd Lowther and associate Milica Pavlovic advised on tax matters, and partner Ty'Meka Reeves-Sobers and associate Hannah Ebersole advised on environmental matters.
