ONEOK Amends Agreement for Potential $1 Billion Stock Offering
Filed with the SEC on · Summarized by InvestorsBot
ONEOK amended its equity distribution agreement with BofA Securities and Bank of America, N.A. to reflect its post-reorganization corporate structure and formally assume Legacy ONEOK’s obligations. The agreement allows ONEOK to offer and sell up to $1 billion of common stock from time to time through BofA Securities, which could increase shares outstanding and dilute existing investors if sales occur; the filing does not disclose that any shares were sold under the agreement.