Atmos Energy enters into new $1B at-the-market equity distribution program

ATMOS ENERGY CORP

Equity distribution agreement for up to $1 billion of common stock, replacing prior $1B program (March 2023).
Sales may be made through ordinary brokers' transactions or block trades; commission of 1.00% to sales agents.
Also includes forward sale agreements where forward purchasers may borrow and sell shares; Atmos receives proceeds upon settlement.
Proceeds intended to fund capital spending for safety/reliability and for general corporate purposes.
Affiliates of certain managers are lenders under credit facilities and may receive proceeds from repayment.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ATMOS ENERGY CORP entered into Equity Distribution Agreement with Managers and Forward Purchasers named in Schedule A valued at up to $1,000,000,000 (effective 2024-05-08).

Action: entry
Agreement: atm program
Counterparty: Managers and Forward Purchasers named in Schedule A
Value: up to $1,000,000,000
Effective: 2024-05-08

Exact text from the filing

On May 8, 2024, 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 0001193125-24-134363

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