B of A arranges $150 million line for Oneok.

SAN FRANCISCO - Bank of America, as lead manager, said it has arranged a one-year, $150 million unsecured line of credit for Oneok Inc.

It said the company will use proceeds primarily to finance its inventory in anticipation of cold weather this winter.

Oneok is Oklahoma's largest, natural gas distribution company.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER