Deal In Brief
ONE Gas Inc, a provider of natural gas distribution services, has priced public offering of 1.2 million shares of its common stock, for a gross proceeds of USD88.8 million
As part of the offering, the company has granted to the underwriter an option to purchase up to 0.18 million additional shares of ONE Gas' common stock
BofA Securities is acting as the sole underwriter whereas GableGotwals, Skadden, Arps, Slate, Meagher & Flom LLP, Hunton Andrews Kurth LLP and Davis Polk & Wardwell LLP are acting as legal advisor to the company in the offering
The transaction is expected to close on September 14, 2023.
|Deal Value (US$ Million) ||88.8 |
|Deal Type ||IPO |
|Sub-Category ||Secondary Offering,Pricing |
|Deal Status ||Announced: 2023-09-11 |
|Target (Company) ||ONE Gas Inc |
ONE Gas intends to use net proceeds received for general corporate purposes, which may include repayment or refinancing of debt, working capital, construction and acquisition expenditures and investments.
|No. Shares Issued ||1200000 |
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