other material
confidence high
sentiment neutral
materiality 0.55
OGE Energy prices 8.0M share offering at $43/sh; forward sale at $41.71
OGE ENERGY CORP.
- Priced 8,023,256 shares at $43.00/share; gross proceeds ~$345M.
- 4,011,628 shares sold directly; 4,011,628 shares via forward sellers at initial $41.71.
- Underwriters' option for 1,203,488 additional shares exercised in full on Nov 21.
- Net proceeds to fund Horseshoe Lake units 13-14, Ft. Smith-Muskogee line, and repay debt.
- Forward sale agreements settle by May 27, 2027; OGE may elect cash or net share settlement.