OGE Energy Corp. Prices Public Offering of 8,023,256 Shares of Common Stock

Core Viewpoint - OGE Energy Corp. has announced a public offering of 8,023,256 shares of common stock at a price of $43.00 per share, aiming to raise approximately $345 million to fund capital expenditures and other corporate purposes [1][10]. Offering Details - The offering consists of 8,023,256 shares, with 4,011,628 shares being sold directly by OGE Energy Corp. and the remaining shares sold by forward sellers [1]. - Underwriters, including Morgan Stanley and J.P. Morgan, have been appointed to manage the offering, with an option to purchase an additional 1,203,488 shares [2]. - The expected closing date for the offering is around November 24, 2025, subject to customary conditions [2]. Forward Sale Agreements - OGE Energy Corp. has entered into forward sale agreements with Morgan Stanley and J.P. Morgan, agreeing to sell the same number of shares borrowed from third parties at an initial forward sale price of $41.71 per share [3]. - Settlement of these forward sale agreements is anticipated to occur within 18 months following the offering's completion [3]. Use of Proceeds - The net proceeds from the direct sale of shares will be allocated to general funds, capital expenditures, and debt repayment or refinancing [4]. - OGE Energy Corp. will not receive initial proceeds from shares sold by forward sellers but intends to utilize proceeds from the settlement of forward sale agreements for similar purposes [4]. Company Overview - OGE Energy Corp. is the parent company of OG&E, serving approximately 910,000 customers in Oklahoma and western Arkansas, focusing on the generation, transmission, distribution, and sale of electric energy [6].