OGE Energy Corp. and OG&E Enter $650 Million Credit Facilities

On June 12, 2026, OGE Energy Corp. and its subsidiary Oklahoma Gas and Electric Company each entered into second amended and restated credit agreements establishing new $650 million unsecured five-year revolving credit facilities. The new facilities replace existing $550 million credit facilities that were set to mature in December 2029. Both facilities are scheduled to terminate on June 12, 2031, with options to extend for two additional one-year periods. The credit facilities include interest rates based on SOFR plus margins ranging from 0.80% to 1.475% for OGE Energy and 0.69% to 1.275% for OG&E, with facility fees of 0.075% to 0.275% and 0.06% to 0.225% respectively. The agreements contain financial covenants requiring OGE Energy to maintain a maximum debt to capitalization ratio of 70% and OG&E 65%. The facilities may be increased by up to $150 million each to a maximum of $800 million. Proceeds may be used for refinancing existing debt, working capital, general corporate purposes, commercial paper liquidity support, letters of credit, acquisitions, and distributions.