OGE ENERGY CORP. (OGE) Form 8-K — Jun 15, 2026
OGE Energy Corp. entered into a second amended and restated unsecured five-year revolving credit facility, increasing the total capacity to $650 million and extending the maturity date to June 12, 2031. The new facility, led by Wells Fargo Bank as administrative agent, replaces an existing $550 million facility that was set to mature in December 2029. The agreement provides flexibility for working capital, commercial paper liquidity support, and letters of credit, with borrowing rates based on the Secured Overnight Funding Rate plus a margin ranging from 0.80% to 1.475%.
Key figures
- Debt Amount
- 650000000
- Interest Rate
- SOFR + 0.80% to 1.475%
- Maturity Date
- June 12, 2031
- Lc sublimit
- 100 million
- Facility fee
- 0.075% to 0.275%
- Max capacity
- 800 million
- Increase option
- 150 million
- Financial covenant
- Debt to capitalization ratio max 70%
Price after filing
Close on the filing date to close N calendar days later (from $47.93). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.