GableGotwals advised ONE Gas, Inc. (“ONE Gas”), one of the largest natural gas utilities in the United States, in connection with the establishment of its at-the-market equity program to sell up to an aggregate sales price of $250,000,000 of shares of ONE Gas’ common stock over time, either through sales agents or forward counterparties.
Given the expected increase in scrutiny of issuer buybacks, we recommend that companies consider taking some or all of the actions noted in this Alert before the fourth quarter of this year.
GableGotwals acted as local counsel to Oklahoma Gas and Electric Co., a utility generation, transmission and distribution company, in the issuance of $450 million in aggregate principal amount of 5.4% Senior Notes, Series due January 15, 2033.
The GableGotwals team was led by Jeff Haughey with assistance from Shareholders Jordan B. Edwards, Thomas J. Hutchison, and associate Bailey S. Barnes.
GableGotwals and Latham & Watkins advised ONEOK, Inc., a leading midstream service provider, in a debt offering valued at $750 million. Shearman & Sterling represented underwriters, including Barclays, Mizuho Securities USA LLC, Toronto-Dominion Bank and Wells Fargo Securities who acted as the underwriters’ representatives. The notes come due in 2032.
Set to go into effect on October 11, 2022, new Item 402(v) requires companies to make these disclosures in proxy statements and information statements for fiscal years ending on or after December 16, 2022, thus greatly impacting the 2023 proxy season.
GableGotwals is pleased to announce that 71 lawyers have been recognized in the 2023 Edition of The Best Lawyers in America, two of which were newly included, and two newly named on the “Ones to Watch” list. In addition, 16 GableGotwals attorneys were named 2023 “Lawyer of the Year.”
U.S. News & World Report and Best Lawyers®, for the 12th consecutive year, announced the "Best Law Firms" rankings. GableGotwals is ranked in the 2023 list regionally in 75 practice areas.
