ONEOK To Buy Permian Gas Assets For $4.4B In Apollo-Backed Deal, Plans $5B Debt Paydown
ONEOK, Inc. (NYSE:OKE) today announced that it has executed a definitive agreement to acquire Brazos Midstream's Permian Midland Basin natural gas gathering and processing assets for total cash consideration of
ONEOK is buying natural gas equipment in Texas for $4.4 billion and plans to pay back $5 billion in borrowed money. This shows the company is growing while also trying to owe less, which can signal confidence in their business.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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