Business
ONE Gas, Inc. Announces Pricing of a Public Offering of 2,500,000 Shares of Common Stock
ONE Gas, Inc. ("ONE Gas") (NYSE: OGS) announced today that it has priced its public offering of 2,500,000 shares of its common stock for approximate gross proceeds of $197,500,000 (before offering expenses and underwriting discounts and commissions, assuming the underwriter does not exercise its option to purchase additional shares and upon, and assuming, full physical settlement of the forward sale agreement). In connection with the offering, ONE Gas entered into a forward sale agreement with J
About this update from One Gas, Inc.
[{"type":"text","content":"TULSA, Okla., May 8, 2025 /PRNewswire/ -- ONE Gas, Inc. ("ONE Gas") (NYSE: OGS) announced today that it has priced its public offering of 2,500,000 shares of its common stock for approximate gross proceeds of $197,500,000 (before offering expenses and underwriting discounts and commissions, assuming the underwriter does not exercise its option to purchase additional shares and upon, and assuming, full physical settlement of the forward sale agreement). In connection with the offering, ONE Gas entered into a forward sale agreement with JPMorgan Chase Bank, National Association, referred to in such capacity as the forward purchaser. In connection with the forward sale agreement, the forward purchaser or its affiliate, acting as forward seller, at ONE Gas' request, is borrowing from third parties and selling 2,500,000 shares of ONE Gas' common stock to the underwriter in the offering in connection with the forward sale agreement described below. As part of the offering, ONE Gas has granted to the underwriter an option to purchase up to 375,000 additional shares of ONE Gas' common stock. If such option is exercised, ONE Gas may, in its sole discretion, enter into an additional forward sale agreement with the forward purchaser with respect to such additional shares, and ONE Gas currently expects that, if such option is exercised, it will do so. The offering is expected to close on May 12, 2025, subject to satisfaction of customary conditions to closing.","length":1494,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/ONE Gas, Inc.)","displaySize":"","headline":null,"caption":"(PRNewsfoto/ONE Gas, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":111,"url":"https://media.zenfs.com/en/prnewswire.com/1fb76f13693ab27be2ea7e0c34208b3e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/M4AGgZAZb7MY0c9EL7negw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE5NjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/1fb76f13693ab27be2ea7e0c34208b3e","width":400,"height":111}},"href":"https://mma.prnewswire.com/media/1424336/ONE_Gas_v1_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"J.P. Morgan is acting as the sole underwriter for the offering and proposes to offer the shares of common stock from time to time for sale in one or more transactions on the New York Sto...