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OKLAHOMA GAS & ELECTRIC CO FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Financial Statements and Exhibits

June 25, 2014



Item 1.01. Entry into a Material Definitive Agreement

As previously disclosed, in December 2011, OG&E entered into a five-year $400 million revolving credit facility. The facility contained an option, which could be exercised up to two times, to extend the term of the respective facility for an additional year. Effective July 29, 2013, OG&E utilized one of those extensions to extend the maturity of its credit facility from December 13, 2016 to December 13, 2017. Effective June 24, 2014, OG&E utilized its second extension to extend the maturity of its credit facility from December 13, 2017 to December 13, 2018. The commitment of a single existing lender with respect to approximately $34.8 million of OG&E's credit facility, however, was not extended and, unless the non-extending lender is replaced in accordance with the terms of the credit facility, the commitment will expire December 13, 2017. The terms of the credit facility were otherwise unchanged. A copy of the letter of extension are filed as Exhibits 10.01 incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits Exhibit Number Description 10.01 Letter of extension dated as of June 24, 2014 for OG&E's credit agreement dated as of December 13, 2011, by and between OG&E, the Lenders thereto, Wells Fargo Bank, National Association, as Administrative Agent, JP Morgan Chase Bank, N.A., Syndication Agent, Mizuho Corporate Bank, Ltd., The Royal Bank of Scotland PLC and Union Bank, N.A., as Co-Documentation Agents. (Filed as Exhibit 10.02 to OGE Energy's Form 8-K filed June 25, 2014 (File No. 1-12579) and incorporated by reference herein)



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Source: Edgar Glimpses


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