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.
ONE Gas, Inc. in the Establishment of its At-the-Market Equity Program
GableGotwals advised ONE Gas, Inc. (“ONE Gas”), one of the largest natural gas utilities in the United States, in connection with the establishment of its at-the-market equity program to sell up to an aggregate sales price of $250,000,000 of shares of ONE Gas’ common stock over time, either through sales agents or forward counterparties.
OGE Energy and its Subsidiary in $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.
Oklahoma Gas and Electric Co. in a Public Offering of 5.4% Senior Unsecured Notes
GableGotwals acted as local counsel to Oklahoma Gas and Electric Co., a utility generation, transmission and distribution company, in the issuance of $450 million in aggregate principal amount of 5.4% Senior Notes, Series due January 15, 2033.
$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.
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.