Senior Notes Offering

ONEOK (OKE) announced the pricing of a $3.0 billion senior notes offering. The offering includes tranches of 7-year, 10-year, and 30-year notes. Net proceeds, estimated at $2.96 billion, will be used to retire commercial paper and repay senior notes due in 2025. Remaining funds will go towards general corporate purposes, potentially including further debt reduction. The offering is expected to close around August 12, 2025. Several major financial institutions are involved as joint book-running managers and co-managers.

Kite Realty Group Trust (KRG) announced a $300 million senior notes offering by Kite Realty Group, L.P., consisting of 5.200% Senior Notes due 2032. The notes are offered at 99.513% of face value, yielding 5.281% to maturity, with semi-annual interest payments. Proceeds will be used to repay debt and for general corporate purposes. Closing is expected on June 27, 2025. KRG, a REIT focused on grocery-anchored properties, owns 180 shopping centers.

Targa Resources Corp. announced a $1.5 billion senior notes offering, comprising notes due 2030 and 2036. Proceeds will redeem existing 2027 notes and be used for general corporate purposes, providing financial flexibility. The offering is under an effective shelf registration with the SEC, and the deal is expected to close June 18, 2025.