ONE Gas’s $2.5 Billion Credit Facility

Haynes and Boone advised BofA Securities, as lead arranger and administrative agent, on the deal.

ONE Gas, Inc. closed its fully underwritten $2.5 billion term loan. The proceeds of the loan will be available to ONE Gas for natural gas purchases as a result of the 2021 winter weather events and the repayment of indebtedness.

ONE Gas, Inc. (NYSE: OGS) is a 100-percent regulated natural gas utility, and trades on the New York Stock Exchange under the symbol “OGS.”? ONE Gas provides natural gas distribution services to more than 2 million customers in Oklahoma, Kansas and Texas.

Haynes and Boone advised BofA Securitie with Houston Partner Brent Shultz (Picture), Charlotte Partner Justin Riess, New York Counsel Laura Martone, and Dallas Associate Cody Cravens.

Involved fees earner: Cody Cravens – Haynes and Boone; Laura Martone – Haynes and Boone; Justin Riess – Haynes and Boone; Brent Shultz – Haynes and Boone;

Law Firms: Haynes and Boone;

Clients: Bank of America Securities;

Author: Martina Bellini