The Firm represented the underwriters, led by Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC, in an SEC-registered offering of 4,613,372 shares of common stock (including 601,744 shares pursuant to the exercise of the underwriters’ option to purchase additional shares) of OGE Energy Corp. (“OGE”). In addition, the Firm represented Morgan Stanley & Co. LLC and JPMorgan Chase Bank, National Association, New York Branch, as forward counterparties, in connection with the execution of forward sale agreements covering an additional 4,613,372 shares of OGE’s common stock (including 601,744 shares pursuant to the exercise of the underwriters’ option to purchase additional shares) offered in connection with the forward sale agreements.
OGE Energy Corp. is the parent company of OG&E, a regulated electric company with approximately 910,000 customers, which generates, transmits, distributes and sells electric energy in Oklahoma and western Arkansas.
The Simpson Thacher team included Roxane Reardon, Matt Hart, Jonathan Kachiu and Jeryne Fish (Capital Markets); Jonathan Lindabury, Marc Langer and Ruben Aguirre (Derivatives); Jon Cantor and Jacob Chefitz (Tax); Brian Chisling and Chelsey Schroeter (Energy Regulatory); Corina Holland (IP and Cybersecurity); Jennie Getsin (FINRA & Blue Sky); and Pasco Struhs (Executive Compensation and Employee Benefits).