Enogex prolongs early deadline in tender offer for up to $150 million 8.125% notes

By Jennifer Chiou

New York, July 9 - OGE Energy Corp. announced that its midstream pipeline subsidiary, Enogex LLC, has extended the early deadline in the cash tender offer for up to $150 million of its 8.125% senior notes due January 2010.

The early tender deadline is now 11:59 p.m. ET on July 22, pushed back from 5 p.m. ET on July 8.

As of July 8, holders had tendered $110.8 million of the notes.

The offer still ends at 11:59 p.m. ET on July 22. It began on June 24.

For each $1,000 principal amount, the company will pay $1,027.50 to those who tender, including an early tender payment of $25.00.

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

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

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

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