Business Transactions

Public Offering of Over One Million Shares

GableGotwals acted as local counsel to a Fortune 1000, Oklahoma-based provider of natural gas distribution services in the public offering of over one million shares.

$750 Million Debt Offering

GableGotwals and Latham & Watkins advised ONEOK, Inc., a leading midstream service provider, in a debt offering valued at $750 million. Shearman & Sterling represented underwriters, including Barclays, Mizuho Securities USA LLC, Toronto-Dominion Bank and Wells Fargo Securities who acted as the underwriters’ representatives. The notes come due in 2032.

Sale of Professional Advisory Firm Stinnett & Associates to CBIZ Inc.

GableGotwals represented Stinnett & Associates, a professional advisory firm and certified Women's Business Enterprise, in an agreement to sell its assets to publicly-traded CBIZ Inc., a leading provider of financial, insurance and advisory services to businesses throughout the United States.

$1+ Billion Bid to Acquire Pipeline Systems in Texas

Represented a Houston-based MLP in its bid to acquire over $1 billion of natural gas and natural gas liquids pipelines and processing plants in Texas.

GableGotwals Advises Magellan Midstream in its $435 Million Sale to Buckeye Partners

GableGotwals represented Magellan Midstream Partners, L.P. in connection with its agreement to sell its independent terminals network comprised of 26 refined with approximately 6 million barrels of storage located primarily in the southeastern U.S. to Buckeye for $435 million.

$1.1 Billion Revolving Credit Facilities

GableGotwals represented OGE Energy Corp. and its subsidiary, Oklahoma Gas and Electric Company, as sole and lead counsel in two new unsecured five-year revolving credit facilities with a combined borrowing capacity of $1.1 billion.

$435 Million Sale of Refined Products Terminals

GableGotwals advised Magellan Midstream Partners, L.P. in its $435 million sale of 26 refined petroleum products terminals located primarily in the southeastern U.S.

Crude Oil Pipeline Transaction

Represented a client involving a Texas crude oil pipeline and related assets owned by an entity in which the client has a 50% interest. The client bought a crude oil pipeline system in the Houston Gulf Coast area and also consented to the transfer of the other 50% interest to another owner in a transaction valued at over $1 billion