ONE Gas, Inc. Form 8-K Summary
Business Context and Reporting Period
ONE Gas, Inc., a wholly owned subsidiary of ONEOK, Inc., filed this Current Report on Form 8-K on January 14, 2014, regarding an event that occurred on January 13, 2014. The company is incorporated in Oklahoma and maintains its principal executive offices in Tulsa, OK.
Key Financial Metrics
This filing reports a specific capital raising event rather than periodic operating results. The company priced a private offering of senior notes with an aggregate principal amount of $1.2 billion. The filing does not provide data on revenue, profit, cash flow, margins, or existing debt levels.
Material Changes
The material change reported is the execution of a new debt issuance. The capital structure was altered by the addition of the following tranches of senior notes:
- $300 million of 2.07% notes due 2019
- $300 million of 3.61% notes due 2024
- $600 million of 4.658% notes due 2044
Guidance, Outlook, and Risks
The filing does not contain management commentary, forward-looking guidance, or specific risk factors related to this transaction beyond the standard disclosure of the debt terms. The primary purpose of the report is to disclose the pricing of the notes as required under Item 8.01 (Other Events).
Key Facts for Investor Verification
- Verify the total aggregate principal amount of $1.2 billion raised through the private offering.
- Confirm the specific interest rates and maturity dates for the three distinct note tranches (2019, 2024, and 2044).
- Review the attached news release (Exhibit 99.1) for details on the use of proceeds and underwriting arrangements.
- Note that this filing does not contain updated financial statements or liquidity metrics.