trending Market Intelligence /marketintelligence/en/news-insights/trending/Vq0TztAiBbftW064lGlWEA2 content esgSubNav
In This List

ONE Gas enters $700M amended, restated credit revolver

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Blog

Insight Weekly: Energy crisis cripples Europe; i-bank incomes rise; US holiday sales outlook

Blog

Japan M&A By the Numbers: Q3 2022

Blog

Insight Weekly: Reviving nuclear power; 2023 outlook for US financials; PE funds fuel EV sector


ONE Gas enters $700M amended, restated credit revolver

ONE Gas Inc. entered into an amended and restated $700 million revolving unsecured credit facility with a $20 million letter of credit subfacility and a $60 million swingline subfacility.

Under the agreement, One Gas may request an increase of up to $500 million in the commitments, upon satisfaction customary conditions, such as receipt of commitments from either new lenders or existing lenders increasing their commitments, according to a Form 8-K filed Oct. 6.

The credit agreement may provide liquidity for working capital, acquisitions and mergers, and other general corporate purposes. It is set to mature on Oct. 5, 2022 but may be extended by a year twice, depending on the lenders' consent.

The agreement amends and restates the company’s Dec. 20, 2013, credit agreement with Bank of America NA as administrative agent, swing line lender, a letter of credit issuer and a lender, and the other lenders and letter of credit issuers.