8-KItem 1.01 · Material AgreementItem 3.02 · Unregistered Equity SalesItem 7.01 · Reg FD DisclosureItem 8.01 · Other EventsItem 9.01 · Financial Statements
ONEOK to buy Brazos assets for $4.425 billion with Apollo equity funding
Filed with the SEC on · Summarized by InvestorsBot
ONEOK agreed on Aug. 30, 2026, to acquire Brazos Midstream’s Permian Midland Basin assets for $4.425 billion, funded through a $9 billion nonvoting minority investment from Apollo-managed funds; $5 billion of the proceeds will be used to repay debt. The deal is expected to close in the fourth quarter of 2026, while the Apollo investment is expected to close in the first half of September, subject to conditions including regulatory clearance; ONEOK also launched tender offers to purchase up to $2 billion of 20 debt-note series, with an early tender deadline of Sept. 14 and final expiration on Sept. 29.