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ATMOS ENERGY CORP 8-K Report, Corporate Update (Oct 1, 2024)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed October 1, 2024
Period End
September 17, 2024
Security
ATO
In the record · 2016–202610-K1010-Q338-K133

ATO filed 10 annual reports (10-K), 33 quarterly reports (10-Q) and 133 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Aug ’17Aug ’17
  2. Leadership change8-K · Mar ’20Mar ’20
  3. Material agreement8-K · Oct ’22Oct ’22
  4. Material agreement8-K · Oct ’26Oct ’26

01—Abstract

Summary

Summary of the 8-K filed October 1, 2024. Cited figures are marked; the original filing is the authoritative source.

Atmos Energy Corporation (ATO) announced on September 17, 2024, the successful completion of a public offering of $650 milliona 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 millionb 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%c annually.

02—Key points

Key Highlights

  1. Atmos Energy priced $650 million of 5.000% Senior Notes due 2054.
  2. Net proceeds from the offering are estimated to be approximately $638.1 million.
  3. The offering was conducted under an underwriting agreement with Mizuho Securities USA LLC, TD Securities (USA) LLC, and U.S. Bancorp Investments, Inc. as representatives.
  4. The notes are registered under the Securities Act of 1933 via a Form S-3 registration statement.
  5. The offering is expected to close around October 1, 2024.
  6. The proceeds will be used for capital expenditures and general corporate purposes.
  7. The issuance is governed by an indenture dated March 26, 2009, and a forthcoming Officers' Certificate.

03—Questions

Frequently Asked Questions

  1. What is the primary purpose of this $650 million note offering?

    The primary purpose of this offering is to raise capital for Atmos Energy's capital expenditures and for general corporate purposes. This suggests the company is investing in its infrastructure and future growth.

  2. What is the interest rate and maturity date of the new notes?

    The new notes carry a fixed interest rate of 5.000% per annum and have a maturity date in 2054, making them long-term debt obligations.

  3. How much money will Atmos Energy actually receive from this offering?

    Atmos Energy expects to receive net proceeds of approximately $638.1 million, after deducting the underwriting discount and estimated offering expenses.

  4. When is this offering expected to be completed?

    The offering is expected to close on or about October 1, 2024, subject to customary closing conditions.

04—Continue

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