secwatch.observer — SEC 8-K summary
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Issuer:     OGE ENERGY CORP. (OGE)
CIK:        0001021635
Form:       8-K
Filed at:   2021-12-21T23:59:59+00:00
Accession:  0001021635-21-000195
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OGE Energy and OG&E each enter $550M revolver, replacing $450M facility; maturity 2026
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- OGE Energy and OG&E each entered $550M unsecured revolving credit facility due Dec 17, 2026.
- Facilities replaced existing $450M credit agreements scheduled to expire Mar 8, 2024.
- Interest margins range from 0.80%-1.475% (eurodollar) for OGE and 0.69%-1.275% for OG&E, based on credit ratings.
- Facility fee 0.075%-0.275% (OGE) and 0.06%-0.225% (OG&E); includes ESG-linked pricing adjustment.
- No borrowings outstanding under new facilities at closing; OG&E had $0.4M in standby letters of credit assumed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1021635/000102163521000195/0001021635-21-000195-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74145/000102163521000195/oge-20211217.htm
  HTML page:      https://secwatch.observer/filing/0001021635-21-000195

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