GableGotwals Welcomes New Associates
GableGotwals is pleased to announce new associates have joined the Firm in Oklahoma City and Tulsa.
Securities Alert – SEC Approves Public Company Cybersecurity Disclosure Requirements
The rule, proposed in March 2022, includes requirements about current disclosure of material cybersecurity incidents, and periodic disclosures about a registrant’s processes to assess, identify, and manage material cybersecurity risks.
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.
Securities Alert – The SEC Adopts New Buyback Disclosure Rules
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.
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.
GableGotwals Advises Oklahoma Gas and Electric Co. in a Public Offering of 5.4% Senior Unsecured Notes
The GableGotwals team was led by Jeff Haughey with assistance from Shareholders Jordan B. Edwards, Thomas J. Hutchison, and associate Bailey S. Barnes.
$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.
Securities Alert – SEC Adopts New Disclosure Requirements for “Pay Versus Performance”
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.