Enogex launches tender offer for up to $150 million 8.125% notes

By Jennifer Chiou

New York, June 24 - OGE Energy Corp. announced Wednesday that its midstream pipeline subsidiary, Enogex LLC, has begun a cash tender offer for up to $150 million of its 8.125% senior notes due January 2010.

The offer ends at 11:59 p.m. ET on July 22.

For each $1,000 principal amount, the company will pay $1,027.50 to those who tender by the early deadline of 5 p.m. ET on July 8, including an early tender payment of $25.00.

Holders will also receive accrued interest to the settlement date, slated for July 23.

The information agent is Global Bondholder Services Corp. (866 470-4200 or 212 430-3774). J.P. Morgan Securities Inc., UBS Investment Bank and Wachovia Securities LLC are the dealer managers. Questions regarding the tender offer may be directed to JPMorgan at 866 834-4666 or 866 834-4802), UBS Investment Bank (888 719-4210 or 203 719-4210) and Wachovia Securities (866 309-6316 or 704 715-8341).

Oklahoma City-based OGE is the parent company of Oklahoma Gas and Electric Co.

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