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Latham Advises ONEOK on US$9 Billion Minority Equity Investment to Fund Brazos Midstream Acquisition and Debt Repayment Program

ONEOK, Inc. (NYSE: OKE) has announced that it has entered into an agreement with Apollo and affiliates for a US$9 billion minority equity investment to fund ONEOK’s acquisition of Brazos Midstream’s Permian Basin natural gas gathering and processing business and the repayment or repurchase of existing ONEOK indebtedness.

Latham & Watkins LLP advised ONEOK on the transaction with a corporate deal team led by Houston partners Ryan Maierson, David Miller, and Clayton Heery, with associates Ziyad Barghouthy, Catherine Lynch, Armaan Bhimani, Victoria Wade, Liem-Lucas Nguyen, and Marvin Thiele. Advice was also provided on securities law by Washington, D.C. partners Michele Anderson, Paul Dudek, Joel Trotter, and Alex Cohen; on tax matters by Houston partners Tim Fenn and Bryant Lee, with associate Christine McLeod; on regulatory matters by Washington, D.C. partner Pat Nevins; on compensation and benefits matters by Washington, D.C. partner Adam Kestenbaum, with associates Gabriela Alvarez and Christina Schrantz;* and on finance matters by Houston partners Pamela Kellet and Craig Kornreich.

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Cynthia Lydia Marbaniang
Associate & Staff Writer