OGE Energy Corp. took recent steps regarding its banking efforts.
The parent company of OG&E recently extended its original $550 million unsecured five-year revolving credit facilities first entered into in December of 2021. The extension is to 2028 and involves Wells Fargo Bank, National Association, as Agent, JPMorgan Chase Bank, N.A. and Mizuho Bank, Ltd., as Co-Syndication Agents, and MUFG Bank, Ltd., Royal Bank of Canada and U.S. Bank National Association, as Co-Documentation Agents.
It was not the first such extension, according to the filing.
“As previously disclosed, in December 2021, OGE Energy and OG&E each entered into $550.0 million unsecured five-year revolving credit facilities, and in December 2022, those credit facilities were amended to extend their term for one year, until December 2027, and to provide the option of extending each of such commitments for up to two additional one-year periods. In December 2023, OGE Energy and OG&E each utilized one of those extensions to extend the credit facilities to December 2028. Effective December 18, 2024, OGE Energy and OG&E each utilized the second extension to extend the maturity of their respective credit facility from December 18, 2028 to December 18, 2029 (collectively, the “Extension”). The terms of the amended credit facilities were otherwise unchanged.”
