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ONEOK Signs Agreement for $9 Billion Apollo Minority Investment
Filed with the SEC on · Summarized by InvestorsBot
ONEOK, Apollo affiliate AP Falcon Holdings LLC and related ONEOK entities entered into a contribution agreement under which the investor will contribute $9 billion for 900 million nonvoting Class B units in ONEOK Holdings. Proceeds are intended to fund ONEOK’s $4.425 billion acquisition of Brazos Midstream’s Permian Midland Basin assets and extinguish approximately $5 billion of debt; closing is targeted for September 10, 2026, subject to customary conditions and the related reorganization.