|November 13, 2012
ONEOK Partners Enters into an Equity Distribution Agreement
Aggregate Offering Price of up to $300 Million
TULSA, Okla. Nov. 13, 2012 ONEOK Partners, L.P. (NYSE: OKS) today announced that it has filed a prospectus supplement with the Securities and Exchange Commission (SEC) through which it may,
from time to time, issue common units representing limited partner interests with an aggregate offering price of up to $300 million through Citigroup Global Markets Inc. as sales agent.
Sales of common units, if any, will be made by means of ordinary brokers transactions on the New York Stock Exchange, in block
transactions, or as otherwise agreed to between ONEOK Partners and Citigroup Global Markets.
ONEOK Partners is under no
obligation to issue common units under the equity distribution agreement. The partnership intends to use the net proceeds from sales under the program for general partnership purposes, which may include, among other things, repayment of debt,
working capital, capital expenditures and repurchases of securities.
This news release is neither an offer to sell nor a
solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
The common units will be offered pursuant to a prospectus supplement, dated Nov. 13, 2012, to the partnerships base prospectus,
dated Aug. 13, 2012, filed as part of its effective shelf registration statement previously filed with the SEC. Copies of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained by visiting EDGAR on the
SEC website at www.sec.gov, or as follows:
Attn: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
ONEOK Partners Enters into an Equity Distribution Agreement Aggregate
Offering Price of up to $300 Million
ONEOK Partners, L.P. (pronounced ONE-OAK) (NYSE: OKS) is one of the largest publicly traded master
limited partnerships, and is a leader in the gathering, processing, storage and transportation of natural gas in the U.S. and owns one of the nations premier natural gas liquids (NGL) systems, connecting NGL supply in the Mid-Continent and
Rocky Mountain regions with key market centers. Its general partner is a wholly owned subsidiary of ONEOK, Inc. (NYSE: OKE), a diversified energy company, which owns 43.4 percent of the overall partnership interest. ONEOK is one of the largest
natural gas distributors in the United States, and its energy services operation focuses primarily on marketing natural gas and related services throughout the U.S.
Some of the statements contained and incorporated in this news release are forward-looking statements within the meaning of Section 27A of the Securities Act, as amended, and Section 21E of the Exchange
Act, as amended. The forward-looking statements relate to our anticipated financial performance (including projected operating income, net income, capital expenditures, cash flow and projected levels and distributions), liquidity, managements
plans and objectives for our growth projects and other future operations (including plans to construct additional natural gas and natural gas liquids pipelines and processing facilities), our business prospects, the outcome of regulatory and legal
proceedings, market conditions and other matters. We make these forward-looking statements in reliance on the safe harbor protections provided under the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include the items identified in the preceding paragraph, the information concerning possible or assumed future results of our
operations and other statements contained or incorporated in this news release identified by words such as anticipate, estimate, expect, project, intend, plan,
believe, should, goal, forecast, guidance, could, may, continue, might, potential, scheduled and other words and
terms of similar meaning.
One should not place undue reliance on forward-looking statements, which are applicable only as of the date of this
news release. Known and unknown risks, uncertainties and other factors may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking
statements. Those factors may affect our operations, markets, products, services and prices.
Other factors could also have material adverse
effects on our future results. These and other risks are described in greater detail in Part I, Item 1A, Risk Factors, in the Annual Report. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in
their entirety by these factors. Other than as required under securities laws, we undertake no obligation to update publicly any forward-looking statement whether as a result of new information, subsequent events or change in circumstances,
expectations or otherwise.