Oklahoma Gas and Electric Co. issued $300 million of its 4.150% senior notes due April 1, 2047, at a price of 99.932%.
Interest on the notes is payable semiannually beginning Oct. 1, according to a March 28 free writing prospectus.
The notes offer a spread of over 115 basis points to the Treasury benchmark and have been rated A1 by Moody's, A- by S&P Global Ratings and A+ by Fitch Ratings.
The OGE Energy Corp. subsidiary plans to add net proceeds from the offering to its general funds, which will be used for general corporate purposes such as repaying short-term debt and funding its ongoing CapEx program. Pending such uses, the funds will be temporarily invested.
Mizuho Securities USA Inc., RBC Capital Markets LLC and Wells Fargo Securities LLC served as joint book-running managers for the offering. KeyBanc Capital Markets Inc., Morgan Stanley & Co. LLC and BOK Financial Securities Inc. acted as co-managers.
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