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Get filing alertsONE Gas issues $375M senior notes at 5.45% to refinance term loan and commercial paper
Filed August 13, 2026 · Period ending August 11, 2026 · ~1 min read
Key Changes
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Issued $375M of 5.45% senior notes due 2036 in underwritten public offering with BofA Securities, RBC Capital Markets, and Truist Securities as lead underwriters.
Item 1.01 verify on EDGAR → -
medium
Plans to use net proceeds to repay $250M unsecured term loan and outstanding commercial paper, with remainder for general corporate purposes.
Item 1.01 verify on EDGAR → -
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Notes issued under base indenture and supplemental indenture with U.S. Bank Trust Company as trustee; underwriting agreement contains customary terms.
Item 1.01 verify on EDGAR →
Summary
ONE Gas completed a $375 million senior notes offering to refinance existing debt. The 10-year notes carry a 5.45% coupon and will be used to repay a $250 million term loan and commercial paper balances, with any remaining proceeds available for general corporate use. This is a straightforward debt refinancing that extends the maturity profile while locking in a fixed rate.
The 5.45% coupon reflects current market conditions for investment-grade utility debt. For retail holders, this is a routine capital structure management event with no immediate operational impact. The refinancing replaces shorter-term obligations with longer-dated fixed-rate debt, which is typical treasury management for a regulated utility. The transaction does not change the company's business model or risk profile.
Section-by-Section Diff
Event · Item 2.03 — Creation of a Direct Financial Obligation
Item 2.03 also reports this as a direct financial obligation (body incorporates the primary Item by reference).
Added in current filing · verify on EDGAR →
Item 2.03
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The information included in Item 1.01 with respect to the Notes and the Indenture above is incorporated herein by reference.
The company also filed this under Item 2.03, which means it is reporting the arrangement as a direct financial obligation. The Item 2.03 text refers back to the Item 1.01 entry for the terms rather than restating them.
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On August 11, 2026, ONE Gas, Inc. (“ONE Gas”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., RBC Capital Markets, LLC and Truist Securities, Inc., as representatives of the underwriters named therein
ONE Gas entered into an underwriting agreement with BofA Securities, RBC Capital Markets, and Truist Securities as lead underwriters for the notes offering. The agreement contains customary representations, warranties, indemnification provisions, and closing conditions.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 14, 2026 · How we verify