Filed Pursuant to Rule 433
Issuer Free Writing Prospectus
Registration No. 333-166572-01
June 3, 2010
PRICING INFORMATION
OKLAHOMA GAS AND ELECTRIC COMPANY
$250,000,000 5.85% SENIOR NOTES, SERIES DUE JUNE 1, 2040
Issuer |
| Oklahoma Gas and Electric Company |
Ratings (Moody’s / S&P / Fitch) |
| A2 / BBB+ / AA- |
Amount |
| $250,000,000 |
Collateral Type |
| Senior Unsecured Notes |
Type |
| SEC Registered |
Trade Date |
| June 3, 2010 |
Settlement Date (T+3) |
| June 8, 2010 |
Maturity |
| June 1, 2040 |
Coupon Payment Dates |
| Semi-annual payments on June 1 and December 1 |
Coupon Record Dates |
| Semi-annual on May 15 and November 15 |
Call Structure |
| Make-Whole @T+25bps |
Benchmark |
| UST 4.625% due 2/15/2040 |
Benchmark Price |
| 105-29+ |
Benchmark Yield |
| 4.271% |
Reoffer Spread |
| 162.5 bps |
Reoffer Yield |
| 5.896% |
Coupon |
| 5.850% |
Price |
| 99.358% |
Joint bookrunners |
| Mizuho Securities USA, Inc. |
|
| RBS Securities Inc. |
|
| UBS Securities LLC |
Co-manager(s) |
|
|
|
| BOSC, Inc. |
|
| KeyBanc Capital Markets Inc. |
|
| Mitsubishi UFJ Securities (USA), Inc. |
|
| Scotia Capital (USA) Inc. |
|
| U.S. Bancorp Investments, Inc. |
|
|
|
CUSIP |
| 678858BL4 |
ISIN |
| US678858BL42 |
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawn at any time.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 (800) 221-8866 (ext. 3143), RBS Securities Inc. toll-free at (866) 884 2071 or UBS Securities LLC at (877) 827 6444 ext. 561 3884.
