Financing ·
On September 10, 2026, Oneok Inc. completed a holding company reorganization and closed a $9 billion minority equity…
OKEOneok Inc
On September 10, 2026, Oneok Inc. completed a holding company reorganization and closed a $9 billion minority equity investment from Apollo Global Management. Legacy Oneok merged into a subsidiary, with Falcon TopCo renamed to Oneok Inc., becoming the successor issuer for NYSE-listed common stock (ticker: OKE). Apollo contributed $9 billion in cash to ONEOK Holdings, L.L.C. in exchange for 900 million nonvoting Class B units. The proceeds will fund the acquisition of Brazos Midland, LLC and extinguish $5 billion of outstanding indebtedness. Credit rating agencies view the transaction as credit-enhancing. Oneok operates as a leading midstream energy infrastructure company providing gathering, processing, transportation, storage, and marine export services for natural gas, NGLs, refined products, and crude oil.