Summary
On March 25, 2009, Atmos Energy Corporation (ATO) filed an 8-K to report on a significant debt offering. The company entered into an underwriting agreement on March 23, 2009, to sell $450 million in aggregate principal amount of 8.50% senior notes due 2019. This offering is being conducted publicly under a registration statement filed with the SEC, and is expected to close on March 26, 2009. Investors should note that Atmos Energy anticipates receiving approximately $446 million in net proceeds from this sale, after accounting for the underwriting discount and estimated offering expenses. These funds are intended to strengthen the company's financial position. The notes will be governed by an indenture with U.S. Bank, National Association acting as trustee. This filing is primarily informational, detailing the terms of the debt issuance and related agreements.
Key Highlights
- 1Atmos Energy Corp. announced the sale of $450 million in 8.50% senior notes due 2019.
- 2The public offering of these notes is expected to close on March 26, 2009.
- 3Net proceeds from the offering are estimated to be approximately $446 million, after underwriting discounts and expenses.
- 4The notes are being issued under a registration statement previously filed with the SEC (File No. 333-158140).
- 5The senior notes will be governed by an indenture with U.S. Bank, National Association serving as trustee.
- 6Key agreements, including the Underwriting Agreement and the Form of Global Note, are filed as exhibits to this report.