ONEOK assumed Legacy ONEOK’s obligations under an Equity distribution agreement covering up to $1,000,000,000 of common-stock sales. The September 15 amendment updates defined terms and references for the post-reorganization structure, identifying ONEOK as the entity responsible for the agreement and related rights, obligations, covenants and liabilities.

Key Highlights

  • The amendment became effective on September 15, 2026, after ONEOK’s corporate reorganization.
  • The agreement concerns common stock with a Par Value of $0.01 per share.
  • BofA Securities serves as manager, while Bank of America, N.A. acts as forward purchaser.

ONEOK, Inc. (NYSE: OKE) assumed Legacy ONEOK’s obligations under an equity distribution agreement covering up to $1,000,000,000 of common-stock sales. The change took effect on September 15, 2026, and places the agreement under the post-reorganization ONEOK structure. The arrangement concerns common stock with a par value of $0.01 per share. The amended agreement names ONEOK as the successor to Legacy ONEOK for the equity distribution arrangement. ONEOK, L.L.C. BofA Securities, Inc. and Bank of America, N.A. are the parties connected with the revised structure. BofA Securities continues in the role of manager, with authority to act as sales agent and/or principal. Bank of America, N.A. serves as the forward purchaser. The potential stock sales may be conducted from time to time under the agreement. The amendment updates defined terms and other references to reflect the corporate structure created by a series of reorganization transactions.

New ONEOK Takes Contractual Role

ONEOK assumed all rights, obligations, covenants and liabilities previously assigned to Legacy ONEOK as the company under the agreement. References to “ONEOK, Inc.” and “the company” now refer to the successor entity unless the context requires otherwise. The revised structure includes ONEOK, L.L.C. as an Oklahoma Limited Liability company and ONEOK as an Oklahoma corporation. The amendment preserves rights, remedies and indemnification protections available to BofA Securities and Bank of America, N.A. under the agreement or applicable law.