ONE Gas Enters Credit Agreement
Ticker: OGS · Form: 8-K · Filed: Oct 15, 2024 · CIK: 1587732
Sentiment: neutral
Topics: debt, financing
TL;DR
ONE Gas just signed a new credit deal, locking in debt.
AI Summary
On October 11, 2024, ONE Gas, Inc. entered into a material definitive agreement, specifically a credit agreement, which creates a direct financial obligation for the company. This agreement is a significant event for the natural gas distribution company.
Why It Matters
This credit agreement signifies a new financial obligation for ONE Gas, Inc., which could impact its capital structure and future borrowing capacity.
Risk Assessment
Risk Level: medium — Entering into new credit agreements can introduce financial leverage and obligations that carry inherent risks.
Key Players & Entities
- ONE Gas, Inc. (company) — Registrant
- October 11, 2024 (date) — Date of earliest event reported
- October 15, 2024 (date) — Date of report
- 15 East Fifth Street, Tulsa, OK 74103 (location) — Principal executive offices address
FAQ
What type of material definitive agreement did ONE Gas, Inc. enter into?
ONE Gas, Inc. entered into a credit agreement.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported is October 11, 2024.
What is the principal executive office address for ONE Gas, Inc.?
The principal executive office address is 15 East Fifth Street, Tulsa, OK 74103.
Under which section of the Securities Exchange Act of 1934 is this a current report?
This is a current report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What is the Standard Industrial Classification code for ONE Gas, Inc.?
The Standard Industrial Classification code for ONE Gas, Inc. is 4924 (NATURAL GAS DISTRIBUTION).
Filing Stats: 757 words · 3 min read · ~3 pages · Grade level 12 · Accepted 2024-10-15 16:30:59
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share OGS New York Stock Exchan
- $1.275 billion — " Increase Agreement ") related to its $1.275 billion second amended and restated revolving c
- $1,275,000,000 — ailable under the Credit Agreement from $1,275,000,000 to $1,350,000,000 and (ii) joins The Hu
- $1,350,000,000 — Credit Agreement from $1,275,000,000 to $1,350,000,000 and (ii) joins The Huntington National
Filing Documents
- d766538d8k.htm (8-K) — 27KB
- d766538dex101.htm (EX-10.1) — 36KB
- 0001193125-24-237614.txt ( ) — 186KB
- ogs-20241011.xsd (EX-101.SCH) — 3KB
- ogs-20241011_lab.xml (EX-101.LAB) — 17KB
- ogs-20241011_pre.xml (EX-101.PRE) — 11KB
- d766538d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d)Exhibits Exhibit Number Description 10.1 Lender Joinder and Commitment Increase Agreement, dated as of October 11, 2024, among ONE Gas, Inc., Bank of America, N.A., as administrative agent, swing line lender, and letter of credit issuer, The Huntington National Bank, as lender, and the letter of credit issuers party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2 SIGNATURE Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Date: October 15, 2024 ONE Gas, Inc. By: /s/ Brian K. Shore Name: Brian K. Shore Title: Vice President, Associate General Counsel and Secretary 3