India, May 8 -- ONE Gas Inc. (OGS) announced that it has priced its public offering of 2.50 million shares of its common stock for approximate gross proceeds of $197.50 million.
In connection with the offering, ONE Gas entered into a forward sale agreement with JPMorgan Chase Bank, National Association, referred to in such capacity as the forward purchaser.
In connection with the forward sale agreement, the forward purchaser or its affiliate, acting as forward seller, at ONE Gas' request, is borrowing from third parties and selling 2,500,000 shares of ONE Gas' common stock to the underwriter in the offering in connection with the forward sale agreement.
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