ONEOK Field Announces Sale Of Bonds To Help Pay Off Debt

Wednesday, October 9th 2013, 6:04 pm
By: News On 6

ONEOK Field is taking steps to pay off its debt as soon as possible.

The Tulsa Stadium Trust announced Wednesday the current debt is being refinanced with the sale of bonds.

This refinancing could result in lower interest rates for all the businesses in the IDL paying off the stadium's debt.

"The IDL area has experienced tremendous growth, with millions of dollars in private-sector investment, increased downtown property values, a growing downtown resident population and important sales tax revenues," said Arlo DeKraai, Tulsa Stadium Trust Chairman. "This move to retire ONEOK Field debt expeditiously can help downtown property owners save money and allow us to focus on future Tulsa investments."

You can order a bond starting Thursday.

For more information, call 918-877-3361 or toll-free at 877-882-6497.