OGE Energy Corp. (NYSE: OGE) has filed with the SEC for its Oklahoma Gas and Electric unit to sell up to $700 million in senior notes.
The filing says the company may offer from time to time in one or more issuances one or more series of unsecured senior notes. The aggregate initial offering price of the senior notes that are offered will not exceed $700,000,000 and these will be offered in an amount and on terms to be determined by market conditions at the time of the offering.
OGE Energy closed yesterday at $34.02 and its 52-week trading range is $29.12 to $38.30. Its market cap is $3.13 Billion.
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Jon C. Ogg
June 6, 2008
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