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OGE > SEC Filings for OGE > Form 8-K on 25-Jun-2014All Recent SEC Filings

Show all filings for OGE ENERGY CORP.

Form 8-K for OGE ENERGY CORP.


25-Jun-2014

Entry into a Material Definitive Agreement, Financial Statements and Exhibits


Item 1.01. Entry into a Material Definitive Agreement

OGE Energy Corp. (the "Company") is the parent company of Oklahoma Gas and Electric Company ("OG&E"), a regulated electric utility with approximately 810,000 customers in Oklahoma and western Arkansas. In addition, OGE holds a 26.3 percent limited partner interest and a 50 percent general partner interest in Enable Midstream Partners, LP.
As previously disclosed, in December 2011, the Company entered into a five-year $750 million revolving credit facility and OG&E entered into a five-year $400 million revolving credit facility. Each of the facilities contained an option, which could be exercised up to two times, to extend the term of the respective facility for an additional year. Effective July 29, 2013, the Company and OG&E utilized one of those extensions to extend the maturity of their respective credit facility from December 13, 2016 to December 13, 2017. Effective June 24, 2014, the Company and OG&E utilized their second extension to extend the maturity of their respective credit facility from December 13, 2017 to December 13, 2018. Commitments of a single existing lender with respect to approximately $65.2 million and $34.8 million of the Company's and OG&E's credit facilities, respectively, however, were not extended and, unless the non-extending lender is replaced in accordance with the terms of the credit facility, such commitments will expire December 13, 2017. The terms of the credit facilities were otherwise unchanged. Copies of the letters of extension are filed as Exhibits 10.01 and 10.02.



Item 9.01. Financial Statements and Exhibits

    (d) Exhibits

     Exhibit Number                 Description

       10.01              Letter of extension dated as of June 24, 2014 for the
                          Company's credit agreement dated as of December 13,
                          2011, by and between the Company, the Lenders thereto,
                          Wells Fargo Bank, National Association, as
                          Administrative Agent, JP Morgan Chase Bank, N.A.,
                          Syndication Agent, Mizuho Corporate Bank, Ltd., The
                          Royal Bank of Scotland PLC and Union Bank, N.A., as
                          Co-Documentation Agents.
       10.02              Letter of extension dated as of June 24, 2014 for OG&E's
                          credit agreement dated as of December 13, 2011, by and
                          between OG&E, the Lenders thereto, Wells Fargo Bank,
                          National Association, as Administrative Agent, JP Morgan
                          Chase Bank, N.A., Syndication Agent, Mizuho Corporate
                          Bank, Ltd., The Royal Bank of Scotland PLC and Union
                          Bank, N.A., as Co-Documentation Agents.


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