ONE Gas lenders reject request to cut borrowing cost

摘要

ONE Gas, the natural gas distribution arm of diversified US energy company ONEOK Partners, withdrew a request to cut pricing on an existing US$700m revolver after failing to gather sufficient support from lenders as banks take a harder line on lending in a tougher regulatory environment. Banks turned down ONE Gas' proposal due to falling oil and natural gas prices and because limited ancillary business opportunities did not provide enough incentive for lenders to continue to provide low cost capital for the company.