8-KMaterial AgreementsFinancial EventsExhibits & Filings

ATMOS ENERGY CORP 8-K Report, Material Agreement (Aug 27, 2013)

Filed August 27, 2013For Securities:ATO

Summary

Atmos Energy Corporation (ATO) announced on August 27, 2013, the execution of the Third Amendment to its Revolving Credit Agreement with The Royal Bank of Scotland plc and a syndicate of 14 lenders. This amendment primarily extends the termination date of the existing credit facility by five years from August 22, 2013, and includes an option for a one-year extension. The credit facility will continue to be utilized for working capital, capital expenditures, and general corporate purposes. This extension of the credit facility provides Atmos Energy with enhanced financial flexibility and a strengthened liquidity position for a longer duration. The absence of other material changes indicates that the existing terms and conditions of the credit facility remain largely consistent, offering stability and predictability for the company's funding needs. Investors can view this as a positive step in ensuring ongoing operational and strategic financial support.

Key Highlights

  • 1Atmos Energy executed a Third Amendment to its Revolving Credit Agreement on August 22, 2013.
  • 2The primary change is extending the termination date of the credit facility by five years.
  • 3An option to extend the term for an additional year has been added.
  • 4The credit facility's purpose remains for working capital, capital expenditures, and general corporate purposes.
  • 5The agreement is with The Royal Bank of Scotland plc as Administrative Agent and a syndicate of 14 lenders.
  • 6There were no other material changes to the existing credit facility terms.
  • 7The Third Amendment is incorporated by reference and filed as an exhibit.

Frequently Asked Questions

The main purpose of the Third Amendment is to extend the termination date of Atmos Energy's existing revolving credit facility by five years from the execution date of August 22, 2013, and to add an option for a further one-year extension. This ensures continued access to funding for the company's operations.

By extending the credit facility's maturity, the amendment enhances Atmos Energy's financial flexibility and strengthens its liquidity position for a longer period, providing greater certainty for future financial planning and operational needs.

No, the filing explicitly states that the primary changes were the extension of the termination date and the addition of an extension option. There were no other material changes to the credit facility as a result of this amendment.

The credit facility, as amended, will continue to be used for working capital, capital expenditures, and other general corporate purposes.