Oklahoma Gas & Electric plans $300 million offering of 11-year notes

By Devika Patel

Knoxville, Tenn., June 4 – Oklahoma Gas & Electric Co. is preparing to sell $300 million of fixed-rate senior notes due March 15, 2030, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will feature a make-whole call until Sept. 15, 2029 and will then be callable at par.

Bookrunners are J.P. Morgan Securities LLC, MUFG and U.S. Bancorp Investments Inc.

Proceeds will be used for general corporate purposes, including the repayment of short-term debt, capital expenditures and working capital.

The electric utility is based in Oklahoma City.

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