ONE Gas to sell fixed-rate notes due 2032, taps three bookrunners

By Marisa Wong

Los Angeles, Aug. 4 – ONE Gas, Inc. is offering dollar-denominated fixed-rate notes due 2032, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will feature a make-whole call until three months prior to maturity, followed by a par call.

RBC Capital Markets, LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC are the joint bookrunners for the SEC-registered deal.

U.S. Bank Trust Co., NA is the trustee.

Skadden, Arps, Slate, Meagher & Flom LLP and GableGotwals will act as counsel to the issuer. Hunton Andrews Kurth LLP will be counsel for the underwriters.

Proceeds will be used to repay amounts outstanding under the company’s commercial paper program and for general corporate purposes.

ONE Gas is a natural gas distribution company based in Tulsa, Okla.

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