Form FWP - Filing under Securities Act Rules 163/433 of free writing prospectuses
May 06 2024 - 3:35PM
Edgar (US Regulatory)
Filed Pursuant to Rule 433
Issuer Free Writing Prospectus
Registration No. 333-279061
May 6, 2024
Pricing
Information
OGE Energy
Corp.
$350,000,000
5.45% Senior Notes, Series due May 15, 2029
| Issuer |
OGE Energy Corp. |
| Ratings (Moody’s / S&P / Fitch)* |
Baa1 (Stable) / BBB (Stable) / BBB+ (Stable) |
| Principal Amount |
$350,000,000 |
| Collateral Type |
Senior Unsecured Notes |
| Format |
SEC Registered |
| Trade Date |
May 6, 2024 |
| Settlement Date (T+3) |
May 9, 2024 |
| Maturity |
May 15, 2029 |
| Interest Payment Dates |
Semi-annual payments on May 15 and November 15 of each year, beginning November 15, 2024 |
|
Optional Redemption Provisions
Make Whole Call
Par Call |
T + 15 bps (at any time before April 15, 2029)
At any time on or after April 15, 2029 |
| Benchmark Treasury |
4.625% due April 30, 2029 |
| Benchmark Treasury Price |
100-20+ |
| Benchmark Treasury Yield |
4.480% |
| Spread to Benchmark Treasury |
T + 100 bps |
| Reoffer Yield |
5.480% |
| Coupon |
5.45% |
| Price to Public |
99.869% of the principal amount |
| CUSIP / ISIN |
670837 AD5 / US670837AD53 |
| Joint Book-Running Managers |
J.P. Morgan Securities LLC |
| |
MUFG Securities Americas Inc. |
| |
U.S. Bancorp Investments, Inc. |
| Co-Managers |
Barclays Capital Inc. |
| |
BofA Securities, Inc. |
| |
Morgan Stanley & Co. LLC |
| |
PNC Capital Markets LLC |
| |
Scotia Capital (USA) Inc. |
| |
BOK Financial Securities, Inc. |
BOK Financial Securities, Inc., one of the
underwriters, is an affiliate of BOKF, NA, the Trustee under the Indenture.
*Note: A securities rating is not a recommendation
to buy, sell or hold securities and may be subject to revision or withdrawn at any time.
Settlement Date: The closing
will occur on May 9, 2024, which will be more than two U.S. business days after the date of this pricing term sheet. Under Rule 15c6-1
under the Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in two business days unless
the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the senior notes on the date of pricing
will be required, by virtue of the fact that the senior notes initially will settle in T+3, to specify an alternative settlement cycle
at the time of any such trade to prevent failed settlement and should consult their own advisors.
The issuer has filed a
registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest,
you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete
information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.
Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you
request it by calling J.P. Morgan Securities LLC at (212) 834-4533, MUFG Securities Americas Inc. at (877) 649-6848 or U.S. Bancorp Investments, Inc.
at (877) 558-2607.
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