---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-026730"
form_type: "8-K"
ticker: "OGE"
cik: "0001021635"
company_name: "OGE ENERGY CORP."
filed_at: "2022-12-19T23:59:59+00:00"
generated_at: "2026-06-21T02:18:36.283558+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# OGE Energy and OG&E amend $550M credit facilities; extend to 2027, switch to SOFR, raise leverage covenant

## Summary
- Amendment extends each $550M facility by one year to December 2027, with options for two further one-year extensions.
- LIBOR replaced with forward-looking term SOFR rate (Adjusted Term SOFR) in both credit agreements.
- OGE Energy's permitted leverage ratio increased from 0.65:1.0 to 0.70:1.0.
- Amendment does not change total commitment amount or other key terms; no new borrowings reported.

## SEC filing metadata
- accession: 0000950170-22-026730
- form_type: 8-K
- ticker: OGE
- cik: 0001021635
- company_name: OGE ENERGY CORP.
- filed_at: 2022-12-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1021635/000095017022026730/0000950170-22-026730-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/74145/000095017022026730/oge-20221219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-026730
- JSON: https://secwatch.observer/filing/0000950170-22-026730.json
- Plain text: https://secwatch.observer/filing/0000950170-22-026730.txt

## Key facts
- Material Agreements
  OGE ENERGY CORP. amended First Amendment to the Revolving Credit Facilities with Lenders under the revolving credit facilities valued at Extended the term to December 2027, replaced LIBOR with SOFR Rate, increased permitted Leverage Rati (effective 2022-12-19).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Lenders under the revolving credit facilities
  - Value: Extended the term to December 2027, replaced LIBOR with SOFR Rate, increased permitted Leverage Rati
  - Effective: 2022-12-19
  source text: On December 19, 2022, OGE Energy and OG&E each entered into a First Amendment (collectively the "Amendment") to the revolving credit facilities (as amended, collectively the "Credit Agreement"). The Amendment extends the term of each credit facility for one year, until December 2027.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1021635/000095017022026730/0000950170-22-026730-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.