OGE Energy, Oklahoma Gas extend revolvers totaling $1.1 billion

By William Gullotti

Buffalo, N.Y., Dec. 20 – OGE Energy Corp. and its subsidiary, Oklahoma Gas & Electric Co., each extended their five-year revolving credit facilities on Dec. 18, according to an 8-K filing with the Securities and Exchange Commission.

Each borrower extended the term of its respective $550 million revolver to Dec. 18, 2028 from Dec. 17, 2027, in each case using one of the two one-year extension options provided in the initial agreements.

No facility terms were amended for either revolver.

The electric utilities are based in Oklahoma City.

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