Given the expected increase in scrutiny of issuer buybacks, we recommend that companies consider taking some or all of the actions noted in this Alert before the fourth quarter of this year.
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.
The GableGotwals team was led by Jeff Haughey with assistance from Shareholders Jordan B. Edwards, Thomas J. Hutchison, and associate Bailey S. Barnes.
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.
Set to go into effect on October 11, 2022, new Item 402(v) requires companies to make these disclosures in proxy statements and information statements for fiscal years ending on or after December 16, 2022, thus greatly impacting the 2023 proxy season.
U.S. News & World Report and Best Lawyers®, for the 12th consecutive year, announced the "Best Law Firms" rankings. GableGotwals is ranked in the 2023 list regionally in 75 practice areas.
This proposal represents the most significant alterations to the rules governing beneficial ownership reporting since their adoption.
The SEC recently announced amendments to update electronic filing requirements through the EDGAR system for certain documents that previously were permitted to be filed or submitted in paper format.
