OKLAHOMA GAS & ELECTRIC CO just filed a prospectus, suggesting it plans to soon issue some securities

OKLAHOMA GAS & ELECTRIC CO just came out with a new prospectus, available here. This is an SEC requirement for firms looking to issue certain types of securities. An excerpt of the prospectus is provided below:

USE OF PROCEEDS

        We expect to receive net proceeds from the offer and sale of the Senior Notes, after deducting the underwriting discount and our estimated offering expenses, of approximately $296.4 million. We currently intend to add the net proceeds from the sale of the Senior Notes to our general funds and use them for general corporate purposes, including to repay short-term debt, to fund our ongoing capital expenditure program o r to use for working capital. Pending such uses, the funds will be temporarily invested. A portion of the short-term borrowings to be repaid was incurred to fund the acquisition, on May 22, 2019, of a 360 MW coal- and natural gas-fired plant from AES-Shady Point for approximately $29 million. At March 31, 2019, we had $65.6 million of short-term debt outstanding. Our capital expenditures for 2019 are expected to be approximately $625 million and are intended to strengthen and expand our electric transmission, distribution and substation systems and replace aging infrastructure.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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