OGE Energy completes $345 million public offering of Common Stock, including $167 million in Common Stock pursuant to forward sales
Client(s) OGE Energy Corp.
Jones Day represented OGE Energy Corp. (“OGE Energy”) in connection with its forward sale in a registered underwritten offering of an aggregate of 8,023,256 shares of its Common Stock at an offering price of $43 per share.
In connection with the offering, on November 20, 2025, OGE Energy entered into separate forward sale agreements with J.P. Morgan and Morgan Stanley, as forward purchasers, under which OGE Energy agreed to issue and sell to the forward purchasers an aggregate of 4,011,628 shares of its Common Stock at the initial forward sale price of $41.71. On November 21, 2025, the underwriters exercised in full their option to purchase an additional 601,744 shares of OGE Energy Common Stock upon the same terms and in connection therewith, OGE Energy entered into separate additional forward sale agreements with each of the forward purchasers relating to such additional shares.
In connection with the forward sale agreements and the additional forward sale agreements, the forward purchasers borrowed from third-party lenders and sold to the underwriters an aggregate of 4,613,372 shares of OGE Energy's Common Stock. Morgan Stanley and J.P. Morgan acted as joint lead book-running managers of the offering. Mizuho, MUFG, RBC Capital Markets, and Wells Fargo Securities also acted as bookrunners for the offering.
