By Wendy Van Sickle and Cristal Cody
Columbus, Ohio, March 4 – Atmos Energy Corp. priced $2.2 billion of fixed- and floating-rate notes (A1/A-), both due 2023, on Thursday, according to an FWP filing with the Securities and Exchange Commission.
The company priced $1.1 billion of 0.625% notes at 99.996 to yield 0.627%, or a spread of Treasuries plus 48 basis points, versus talk in the Treasuries plus 70 bps area.
Atmos also priced $1.1 billion of floating-rate notes at par with a coupon of Libor plus 38 bps.
J.P. Morgan Securities LLC, Mizuho Securities USA LLC, TD Securities (USA) LLC, BNP Paribas Securities Corp., Credit Agricole Securities (USA) Inc., MUFG and U.S. Bancorp Investments, Inc. are bookrunners for the deal.
Proceeds will be used for the payment of natural gas purchases.
The natural gas storage and distribution company is based in Dallas.
| Issuer: | Atmos Energy Corp.
|
| Issue: | Fixed- and floating-rate senior notes
|
| Amount: | $2.2 billon
|
| Maturity: | March 9, 2023
|
| Bookrunners: | J.P. Morgan Securities LLC, Mizuho Securities USA LLC, TD Securities (USA) LLC, BNP Paribas Securities Corp., Credit Agricole Securities (USA) Inc., MUFG and U.S. Bancorp Investments, Inc.
|
| Senior co-managers: | Regions Securities LLC and Truist Securities Inc.
|
| Co-manager: | Goldman Sachs & Co. LLC
|
| Pricing date: | March 4
|
| Closing date: | March 9
|
| Ratings: | Moody’s: A1
|
| S&P: A-
|
|
|
| Fixed-rate notes
|
| Amount: | $1.1 billion
|
| Coupon: | 0.625%
|
| Price: | 99.996
|
| Yield: | 0.627%
|
| Spread: | Treasuries plus 48 bps
|
| Call: | Par call starting Sept. 9, 2021
|
| Talk: | Treasuries plus 70 bps area
|
|
|
| Floating-rate notes
|
| Amount: | $1.1 billion
|
| Coupon: | Libor plus 38 bps
|
| Price: | Par
|
| Yield: | Libor plus 38 bps
|
| Call: | Par call starting Sept. 9, 2021
|
|
|
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