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    ONE Gas Prices Public Offering of Shares for USD88.8 Million

    September 12, 2023 - Marketline - Deals


      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

      Deal Participants

      Target (Company) ONE Gas Inc

      Deal Rationale

      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

      (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)


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