OGE Energy Corp. Files Material Definitive Agreement

TL;DR

OGE Energy just signed a big deal, filing it with the SEC today.

AI Summary

On December 18, 2024, OGE Energy Corp. filed an 8-K report detailing a material definitive agreement. The filing also includes financial statements and exhibits related to this agreement. Specific details of the agreement, including parties involved and financial terms, are not provided in this summary.

Why It Matters

This filing indicates a significant new contract or transaction for OGE Energy Corp., which could impact its future financial performance and operations.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities, but the lack of specific details in this filing makes a precise risk assessment difficult.

Key Players & Entities

• OGE Energy Corp. (company) — Filer of the 8-K report
• Oklahoma Gas & Electric Co. (company) — Related entity to OGE Energy Corp.

FAQ

Key Financial Figures

• $550.0 million — , OGE Energy and OG&E each entered into $550.0 million unsecured five-year revolving credit fa

Filing Documents

• oge-20241218.htm (8-K) — 61KB
• oge-ex10_01.htm (EX-10.01) — 105KB
• 0000950170-24-138466.txt ( ) — 330KB
• oge-20241218.xsd (EX-101.SCH) — 57KB
• oge-20241218_htm.xml (XML) — 6KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement OGE Energy Corp. ("OGE Energy") is the parent company of Oklahoma Gas and Electric Company ("OG&E"), a regulated electric company with approximately 905,000 customers in Oklahoma and western Arkansas. As previously disclosed, in December 2021, OGE Energy and OG&E each entered into $550.0 million unsecured five-year revolving credit facilities, and in December 2022, those credit facilities were amended to extend their term for one year, until December 2027, and to provide the option of extending each of such commitments for up to two additional one-year periods. In December 2023, OGE Energy and OG&E each utilized one of those extensions to extend the credit facilities to December 2028. Effective December 18, 2024, OGE Energy and OG&E each utilized the second extension to extend the maturity of their respective credit facility from December 18, 2028 to December 18, 2029 (collectively, the "Extension"). The terms of the amended credit facilities were otherwise unchanged. A copy of the Extension is filed as Exhibit 10.01 to this Current Report and is incorporated by reference herein.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit Number Description 10.01 Letter of extension dated as of December 18, 2024 for OGE Energy's and OG&E's credit agreements dated as of December 17, 2021, as amended, by and among OGE Energy and OG&E, for their respective credit facility, the Lenders thereto, Wells Fargo Bank, National Association, as Agent, JPMorgan Chase Bank, N.A. and Mizuho Bank, Ltd., as Co-Syndication Agents, and MUFG Bank, Ltd., Royal Bank of Canada and U.S. Bank National Association, as Co-Documentation Agents. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. This combined Current Report on Form 8-K is being filed separately by OGE Energy and OG&E (Registrants). Information contained herein relating to any individual Registrant has been filed by such Registrant on its own behalf. No Registrant makes any representation as to information relating to any other Registrant. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. OGE ENERGY CORP. OKLAHOMA GAS AND ELECTRIC COMPANY (Registrant) By: /s/ Sarah R. Stafford Sarah R. Stafford Controller and Chief Accounting Officer December 19, 2024

View Full Filing

View this 8-K filing on SEC EDGAR