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ONEOK Secures $1.2B Loan

Natural gas gathering, processing and storage company, ONEOK, has secured a new $1.2 billion, five-year senior unsecured revolving credit facility.

Natural gas gathering, processing and storage company, ONEOK, has secured a new $1.2 billion, five-year senior unsecured revolving credit facility. The loan was provided by 18 banks led by Bank of America Merrill Lynch, JPMorgan Securities and RBS Securities.

The new debt has replaced the existing $1.2 billion, five-year senior unsecured revolving credit facility that matures in June 2011. The loan will include a $100 million sublimit for the issuance of standby letters of credit.

Click here for the release from PRNewswire.

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