Reported Earlier, ONEOK Launches $2B Debt Buyback As Part Of $5B Repayment Plan
ONEOK, Inc. (NYSE:OKE) today announced the commencement of cash tender offers ("Tender Offers") to purchase up to an aggregate principal amount that will not result in an aggregate purchase price that exceeds $2
ONEOK is using $2 billion to buy back some of its own debt as part of a bigger $5 billion plan to pay down what it owes. When a company pays off debt, it usually means the company is doing well enough financially to clean up its balance sheet.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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