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

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

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