Summary ONEOK Partners sells 21.5 million common units to its general partner ONEOK for $650M via a private placement. ONEOK plans to issue a $500M senior note to help pay for this transaction. The company also sold another 3.3M units for $100M to Kayne Anderson Capital Advisors, L.P. via a direct offering. In total, ONEOK Partners raised $750M from selling the 24.9M units, a price of around $30.17 per unit, or an 8% discount to its prior day closing price. According to a recent press release, ONEOK Partners (NYSE:OKS) has sold 21.5 million units to its General Partner ONEOK, Inc (NYSE:OKE) for $650M. In addition, ONEOK will be contributing an additional $15.3M to maintain its 2% General Partner interest. Furthermore, ONEOK Partners will be selling 3.3M units for $100M to Kayne Anderson Capital Advisors, L.P. (NYSE:KYN) via a direct offering. More