Simpson Thacher Represents Underwriters and Forward Counterparties in $396.7 Million Offering of OGE Energy Corp. Common Stock

Simpson Thacher LLP represented the underwriters, led by Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC, and the forward counterparties, Morgan Stanley & Co. LLC and JPMorgan Chase Bank, National Association, New York Branch, in the OGE Energy Corp. transaction. The Firm acted for the underwriters in an SEC-registered offering of 4,613,372 shares of common stock of OGE Energy Corp., which included 601,744 shares issued pursuant to the underwriters’ option to purchase additional shares. Simpson Thacher also represented Morgan Stanley & Co. LLC and JPMorgan Chase Bank, National Association, New York Branch, as forward counterparties in connection with forward sale agreements covering an additional 4,613,372 shares of OGE common stock, including 601,744 shares pursuant to the exercise of the underwriters’ option. The combined transactions were valued at approximately $396.7 million. OGE Energy Corp. is the parent company of OG&E, a regulated electric company serving approximately 910,000 customers that generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas. Simpson Thacher represented the underwriters and the forward counterparties with a team composed by: Roxane Reardon (Capital Markets), Matt Hart (Capital Markets), Jonathan Kachiu (Capital Markets), Jeryne Fish (Capital Markets), Jonathan Lindabury (Derivatives), Marc Langer (Derivatives), Ruben Aguirre (Derivatives), Jon Cantor (Tax), Jacob Chefitz (Tax), Brian Chisling (Energy Regulatory), Chelsey Schroeter (Energy Regulatory), Corina Holland (IP and Cybersecurity), Jennie Getsin (FINRA & Blue Sky), and Pasco Struhs (Executive Compensation and Employee Benefits).

Simpson Thacher Represents Underwriters and Forward Counterparties in $396.7 Million Offering of OGE Energy Corp. Common Stock

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads