Atmos Energy offers fixed-rate notes due 2052 via seven bookrunners; talk 120 bps area spread

By Devika Patel and Cristal Cody

Knoxville, Tenn., Sept. 21 – Atmos Energy Corp. intends to sell fixed-rate senior notes due Feb. 15, 2052, according to a 424B5 filing with the Securities and Exchange Commission.

Price talk has the notes coming with a yield in the 120 basis points area over Treasuries, a market source told Prospect News.

The notes will have a make-whole call until Aug. 15, 2051 and then are callable at par.

BNP Paribas Securities Corp., Credit Agricole CIB, CIBC World Markets Corp., U.S. Bancorp Investments Inc., BofA Securities Inc., Truist Securities Inc. and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used to repay the company’s $200 million two-year term loan prior to maturity on April 9, 2022 and for general corporate purposes.

Atmos Energy is a natural gas distributor and pipeline company based in Dallas.

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