Exhibit 5.1
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![LOGO](https://capedge.com/proxy/8-K/0001193125-21-077764/g153638img_page1.jpg) |
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March 11, 2021 |
ONE Gas, Inc.
15 East Fifth Street
Tulsa, Oklahoma 74103
| Re: | ONE Gas, Inc.’s Public Offering of 0.85% Senior Notes due 2023, 1.10% Senior Notes due 2024 and Floating Rate Senior Notes due 2023 |
Ladies and Gentlemen:
We have acted as special outside counsel to ONE Gas, Inc. (the “Company”), an Oklahoma corporation, in connection with the issuance and sale by the Company of $1,000,000,000 aggregate principle amount of its 0.85% Senior Notes due 2023 (the “2023 Fixed Rate Notes”), $700,000,000 aggregate principle amount of its 1.10% Senior Notes due 2024 (the “2024 Fixed Rate Notes” and, together with the 2023 Fixed Rate Notes, the “Fixed Rate Notes”) and $800,000,000 aggregate principle amount of its Floating Rate Senior Notes due 2023 (the “Floating Rate Notes” and, together with the Fixed Rate Notes, the “Notes”).
The Notes were sold pursuant to an underwriting agreement, dated March 8, 2021, by and among the Company and BofA Securities, Inc., J.P. Morgan Securities LLC and Mizuho Securities USA LLC, for themselves and as representatives of the several other underwriters named therein.
The Notes were issued pursuant to the Prospectus Supplement, dated March 8, 2021 (the “Prospectus Supplement”) and filed with the United States Securities and Exchange Commission (the “SEC”) on March 10, 2021, and the Prospectus dated February 26, 2020, filed as part of the shelf registration statement (File No. 333-236658) that automatically became effective under the Securities Act of 1933, as amended (including the rules and regulations thereunder, the “Act”), when filed with the SEC on February 26, 2020 (the “Registration Statement”).
The Fixed Rate Notes were issued under the Indenture dated as of January 27, 2014 (the “Base Indenture”) between the Company and U.S. Bank National Association, as trustee (the “Trustee”), as supplemented by the Supplemental Indenture No. 4, dated as of March 11, 2021, between the Company and the Trustee (the “Fourth Supplemental Indenture”). The Floating Rate Notes were issued under the Base Indenture, as supplemented by the Supplemental Indenture No. 5, dated as of March 11, 2021, between the Company and the Trustee (the “Fourth Supplemental Indenture” and, together with the Fourth Supplemental Indenture, the “Supplemental Indentures” and the Base Indenture, as supplemented by the Supplemental Indentures, the “Indenture”). The Supplemental Indentures and the form of each of the 2023 Fixed Rate Notes, 2024 Fixed Rate Notes and Floating Rate Notes are each filed as exhibits to the Company’s Current Report on Form 8-K dated the date hereof.