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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (34570)	6/25/2009 2:22:28 PM
From: E_K_S	Read Replies (1) \| Respond to of 78751

RE: OGE Energy Corp. (OGE) Enogex the midstream pipeline subsidiary of OGE completed a successful $200 Million refinancing of their 8 1/8% senior notes due 2010 for 6.875 percent 5-year senior notes. OGE is up over 4% on the news today. This is good news for many of the domestic utility companies for access to capital at pretty good rates and terms even in difficult times. Perhaps the regulators are seen by the market to provide sufficient (guaranteed) rate increases in the future that allow current debt financing at these rates. This deal was priced about 4% above the 5 year Treasury rate of 2.83%. Enogex Sells $200 Million of 5-Year Senior Notes finance.yahoo.com * Press Release * Source: OGE Energy Corp. * On Wednesday June 24, 2009, 4:21 pm ED EKS