Atmos Energy to sell new 10-year senior notes and add-on to 4.125% notes due 2044

By Cristal Cody

Tupelo, Miss., June 5 – Atmos Energy Corp. intends to price new 10-year senior notes and a reopening of its 4.125% senior notes due 2044, according to a 424B2 filing with the Securities and Exchange Commission on Monday.

BNP Paribas Securities Corp., Credit Agricole CIB, J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the bookrunners.

Atmos Energy originally issued $500 million of the 4.125% notes on Oct. 15, 2014 at 99.812 to yield 4.136% and a spread of Treasuries plus 103 basis points.

Proceeds will be used to repay $250 million of 6.35% senior notes at maturity on June 15 and for general corporate purposes, including repayment of working capital borrowings under its commercial paper program. As of June 2, Amos Energy had about $630 million of commercial paper outstanding with a weighed average annual interest rate of 1.16%.

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

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