ONE Gas enters $1.5 billion unsecured revolving credit facility maturing October 30, 2030
ONE Gas, Inc. entered a third amended and restated credit agreement with Bank of America, N.A. as administrative agent, providing a $1.5 billion unsecured revolving credit facility. The agreement replaces the company's March 16, 2021 credit agreement and extends the maturity to October 30, 2030. The filing describes the facility as a new direct financial obligation, and it gives the company flexibility to borrow for working capital, capital expenditures, acquisitions and general corporate purposes.
Key points
- Facility size: $1.5 billion unsecured revolving credit, with a $20 million letter of credit sub-facility and a $60 million swingline sub-facility
- Accordion feature: the company can request up to an additional $750 million in commitments, subject to customary conditions
- Maturity: October 30, 2030, extendable by one year up to two times with lender consent
- Replaces the Second Amended and Restated Credit Agreement dated March 16, 2021
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.