New Issue: Oklahoma Gas & Electric sells $250 million 4.55% 30-year notes at 95 bps spread

By Aleesia Forni

Virginia Beach, March 18 - Oklahoma Gas & Electric Co. priced $250 million 4.55% 30-year senior notes (A1/A-/A+) on Tuesday with a spread of Treasuries plus 95 basis points, according to a FWP filing with the Securities and Exchange Commission.

Pricing was at 99.677 to yield 4.57%.

Bookrunners were J.P. Morgan Securities LLC, Mizuho Securities USA Inc. and Mitsubishi UFJ Securities (USA) Inc.

Proceeds will be added to the company's general funds and used to repay debt, to fund capital expenditures, for working capital and for general corporate purposes.

The electric utility is based in Oklahoma City.

Issuer:	Oklahoma Gas & Electric Co.
Amount:	$250 million
Description:	Senior notes
Maturity:	March 15, 2044
Bookrunners:	J.P. Morgan Securities LLC, Mizuho Securities USA Inc., Mitsubishi UFJ Securities (USA) Inc.
Co-managers:	Deutsche Bank Securities Inc., KeyBanc Capital Markets Inc., Morgan Stanley & Co. LLC, UMB Financial Services, Inc.
Coupon:	4.55%
Price:	99.677
Yield:	4.57%
Spread:	Treasuries plus 95 bps
Make-whole call:	Treasuries plus 15 bps prior to Sept. 15, 2043, then callable at par
Trade date:	March 18
Settlement date:	March 25
Ratings:	Moody's: A1
	Standard & Poor's: A-
	Fitch: A+
Distribution:	SEC registered

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