Enogex Completes Tender Offer for Its 8.125% Senior Notes Due 2010

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Orange	LSE:OGE	London	Ordinary Share	FR0000079196	SHS EUR1

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Enogex Completes Tender Offer for Its 8.125% Senior Notes Due 2010

23/07/2009 9:05pm

PR Newswire (US)

Orange (LSE:OGE)
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OKLAHOMA CITY, July 23 /PRNewswire-FirstCall/ -- OGE Energy Corp. (NYSE: OGE) announced today that its midstream pipeline subsidiary, Enogex LLC, has accepted for purchase approximately $110.8 million of its 8.125% senior notes due 2010 that were validly tendered pursuant to its previously announced cash tender offer for the notes. The notes accepted for purchase represent approximately 27.7% of the $400 million principal amount of the notes outstanding prior to the tender offer and 73.9% of the $150 million tender cap stipulated in the tender offer. The tender offer expired at 11:59 p.m. EDT on July 22, 2009. Payment for notes purchased pursuant to the tender offer was made on Thursday, July 23, 2009 (the "payment date"). The total consideration per $1,000 principal amount of the 8.125% senior notes due 2010 validly tendered and not validly withdrawn was $1,027.50, which included an early tender payment of $25.00 per $1,000 principal amount of 8.125% senior notes due 2010. Tendering holders also received accrued and unpaid interest to the payment date. The aggregate consideration for the notes accepted for payment, including accrued and unpaid interest, was approximately $114.0 million and was funded from the proceeds of an offering of a new series of senior notes. Tendered notes accepted for purchase by Enogex were retired and cancelled. Following completion of the tender offer, $289.2 million of the 8.125% senior notes due 2010 are outstanding. The tender offer was made pursuant to Enogex's Offer to Purchase dated June 24, 2009 and the related Letter of Transmittal. J.P. Morgan, UBS Investment Bank and Wells Fargo Securities, LLC (formerly known as Wachovia Securities) acted as dealer managers for the tender offer. Global Bondholder Services Corporation served as the information agent for the tender offer. This press release is not a solicitation for acceptance of the tender offer. OGE Energy is the parent company of Oklahoma Gas and Electric Company (OG&E), which serves more than 772,000 customers in a service territory spanning 30,000 square miles in Oklahoma and western Arkansas, and of Enogex LLC, a midstream natural gas pipeline business with principal operations in Oklahoma. DATASOURCE: OGE Energy Corp. CONTACT: Brian Alford, +1-405-553-3187, or financial, Todd Tidwell, +1-405-553-3966, both of OGE Energy Corp. Web Site: http://www.oge.com/

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