ONE Gas Increases Commercial Paper Program to $1.35 Billion

On October 21, 2024, ONE Gas, Inc. (NYSE:OGS) announced the expansion of its commercial paper program to allow for the issuance of commercial paper notes up to $1.35 billion at any given time. This increase was made to enhance financial flexibility and support ongoing operations.

Previously, the company’s commercial paper program permitted the issuance of notes up to $1.275 billion. The terms and conditions of the program, including the Commercial Paper Dealer Agreement’s form, remain consistent with those outlined in the Current Report on Form 8-K submitted to the Securities and Exchange Commission on September 10, 2014.

It is important to note that the commercial paper notes have not been registered under the Securities Act of 1933 or state securities laws, making them ineligible for offer or sale within the United States without proper registration or an applicable exemption.

The information regarding this development has been included in the recent Form 8-K filing with the SEC for public record. In conjunction with this, ONE Gas, Inc. has furnished the necessary financial statements and exhibits, including the form of the Commercial Paper Dealer Agreement.

Christopher P. Sighinolfi, the Senior Vice President and Chief Financial Officer of ONE Gas, Inc., duly signed off on this report on behalf of the company on October 22, 2024.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read ONE Gas’s 8K filing here.

About ONE Gas

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.