ONE Gas extends $700 million revolver, gets option to extend further

By Angela McDaniels

Tacoma, Wash., Oct. 4 – ONE Gas, Inc. amended its credit agreement on Friday to extend the $700 million revolving credit facility to Oct. 4, 2024 from Oct. 5, 2023, according to an 8-K filing with the Securities and Exchange Commission.

The amendment also gives the company the option to extend the maturity date, subject to the lenders’ consent, by one year two additional times.

The amendment also amended the credit agreement with regard to the selection of a successor to Libor.

Bank of America, NA is the administrative agent.

ONE Gas is a natural gas distribution company based in Tulsa, Okla.

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