Summary
Atmos Energy Corporation (ATO) announced on September 17, 2024, the successful completion of a public offering of $650 million in aggregate principal amount of 5.000% Senior Notes due 2054. The offering, which was registered under the Securities Act of 1933, is expected to yield net proceeds of approximately $638.1 million after accounting for underwriting discounts and offering expenses. The net proceeds from this offering will be utilized by Atmos Energy to fund its capital expenditures and for general corporate purposes. The offering is a significant financing event for the company, aimed at bolstering its financial position to support ongoing operations and strategic growth initiatives. The notes are set to mature in 2054 and carry a fixed interest rate of 5.000% annually.
Key Highlights
- 1Atmos Energy priced $650 million of 5.000% Senior Notes due 2054.
- 2Net proceeds from the offering are estimated to be approximately $638.1 million.
- 3The offering was conducted under an underwriting agreement with Mizuho Securities USA LLC, TD Securities (USA) LLC, and U.S. Bancorp Investments, Inc. as representatives.
- 4The notes are registered under the Securities Act of 1933 via a Form S-3 registration statement.
- 5The offering is expected to close around October 1, 2024.
- 6The proceeds will be used for capital expenditures and general corporate purposes.
- 7The issuance is governed by an indenture dated March 26, 2009, and a forthcoming Officers' Certificate.