secwatch.observer — SEC 8-K summary
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Issuer:     ONE Gas, Inc. (OGS)
CIK:        0001587732
Form:       8-K
Filed at:   2023-02-24T23:59:59+00:00
Accession:  0001193125-23-048881
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ONE Gas enters $300M equity distribution agreement with forward sale component
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- Agreement allows sale of up to $300M in common stock via agents BofA, J.P. Morgan, Mizuho, RBC.
- Company may also enter forward sale agreements; forward sellers borrow and sell shares, with 2% commission.
- Proceeds expected from physical settlement of forward sales; may be used to repay credit facility or commercial paper.
- Shares sold under automatic shelf registration statement filed Feb 23, 2023 (Reg. No. 333-269966).
- No obligation to sell; sales may be suspended at any time.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587732/000119312523048881/0001193125-23-048881-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587732/000119312523048881/d467339d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-048881

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