Enogex holders tender $110.8 million of 8.125% notes in offer

By Angela McDaniels

Tacoma, Wash., July 23 - OGE Energy Corp. announced that its midstream pipeline subsidiary, Enogex LLC, accepted for purchase about $110.8 million of its 8.125% senior notes due January 2010 tendered in an offer that expired on July 22.

The company offered to purchase up to $150 million of the $400 million principal amount of notes.

Holders received $1,027.50 per $1,000 principal amount of notes plus accrued interest up to but excluding the settlement date, which was July 23.

The payout included an early tender payment of $25.00 per $1,000 principal amount of notes.

The company amended the offer on July 9 so that all holders who tendered would receive the early tender payment. Originally, only holders who tendered by 5 p.m. ET on July 8 would have received the payment.

The offer began June 24.

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) were the dealer managers. The information agent was Global Bondholder Services Corp. (866 470-4200 or 212 430-3774).

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

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