ONEOK, Inc. sold $500 million in 7.5% notes due 2023 through sole underwriter Citigroup to help cover the purchase of about 21.5 million more common units of its MLP ONEOK Partners for $650 million. The buy would increase ONEOK’s stake in the MLP to 41.2% from the current 36.8%. The company will also contribute nearly $15.3 million to maintain its 2% general partner interest in ONEOK Partners. Additional funds to buy the common units will come......
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