FWP 1 a17-8483_3fwp.htm FWP

 

Filed Pursuant to Rule 433

Issuer Free Writing Prospectus

Registration No. 333-213005-01

March 28, 2017

PRICING INFORMATION

 

OKLAHOMA GAS AND ELECTRIC COMPANY

 

$300,000,000 4.150% SENIOR NOTES, SERIES DUE APRIL 1, 2047

 

Issuer

 

Oklahoma Gas and Electric Company

Ratings (Moody’s / S&P / Fitch)*

 

A1 (Stable) / A- (Stable) / A+ (Stable)

Principal Amount

 

$300,000,000

Collateral Type

 

Senior Unsecured Notes

Format

 

SEC Registered

Trade Date

 

March 28, 2017

Settlement Date (T+3)

 

March 31, 2017

Maturity

 

April 1, 2047

Interest Payment Dates

 

Semi-annual payments on April 1 and October 1 of each year, beginning October 1, 2017

Optional Redemption Provisions
Make Whole Call
Par Call

 

T + 20 bps (at any time before October 1, 2046)
At any time on or after October 1, 2046

Benchmark Treasury

 

2.875% due November 15, 2046

Benchmark Treasury Yield

 

3.004%

Spread to Benchmark Treasury

 

T+115 bps

Reoffer Yield

 

4.154%

Coupon

 

4.150%

Price to Public

 

99.932% of the principal amount

CUSIP / ISIN

 

678858BR1 / US678858BR12

Joint Book-Running Managers

 

Mizuho Securities USA Inc.

 

 

RBC Capital Markets, LLC

 

 

Wells Fargo Securities, LLC

Co-managers

 

KeyBanc Capital Markets Inc.

 

 

Morgan Stanley & Co. LLC

 

 

BOK Financial Securities, Inc.

 

Note:  A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawn at any time.

 

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates.  Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering.  You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.  Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Mizuho Securities USA Inc. at (866) 271-7403, RBC Capital Markets, LLC at (866) 375-6829 or Wells Fargo Securities, LLC at (800) 645-3751.