Atmos Energy prepays $2.02B term loan, enters $1B equity distribution agreement

ATMOS ENERGY CORP

Prepaid $2.02B senior unsecured term loan facility using proceeds from Texas utility recovery securitization.
Term Loan Agreement terminated in full after prepayment.
Entered equity distribution agreement to sell up to $1B of common stock, including forward sale agreements.
Managers receive 1% commission on stock sales; forward sellers also receive 1% commission.
Equity distribution agreement filed under new automatic shelf registration statement on Form S-3.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

ATMOS ENERGY CORP entered into Equity Distribution Agreement with Managers and Forward Purchasers valued at aggregate offering price of up to $1,000,000,000 (effective 2023-03-31).

Action: entry
Agreement: equity purchase
Counterparty: Managers and Forward Purchasers
Value: aggregate offering price of up to $1,000,000,000
Effective: 2023-03-31

Exact text from the filing

On March 31, 2023, Atmos Energy Corporation (“Atmos Energy”) entered into an equity distribution agreement (the “Equity Distribution Agreement”) with the Managers (the “Managers”) and Forward Purchasers (the “Forward Purchasers”) named in Schedule A thereto and with respect to the offering and sale from time to time through the Managers, as Atmos Energy’s sales agents, of shares of Atmos Energy’s common stock, no par value, having an aggregate offering price of up to $1,000,000,000 (including shares of common stock that may be sold pursuant to the forward sale agreements described below, the “Shares”).

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Source: SEC EDGAR

accession 0001193125-23-088377

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