Atmos Energy Secures $1.5B Credit Facility
Ticker: ATO · Form: 8-K · Filed: Mar 29, 2024 · CIK: 731802
Sentiment: neutral
Topics: debt, credit-facility, financing
TL;DR
Atmos Energy just locked in a $1.5B credit line for general ops.
AI Summary
On March 28, 2024, Atmos Energy Corp. entered into a material definitive agreement, specifically a credit agreement for a $1.5 billion revolving credit facility. This agreement is a direct financial obligation for the company and is intended to provide ongoing liquidity for general corporate purposes.
Why It Matters
This substantial credit facility provides Atmos Energy with significant financial flexibility, ensuring access to capital for its operational needs and future investments in the natural gas distribution sector.
Risk Assessment
Risk Level: low — The filing details a standard credit agreement, which is a common and generally low-risk financial activity for a company of this size.
Key Numbers
- $1.5B — Revolving Credit Facility (Provides significant liquidity for general corporate purposes.)
Key Players & Entities
- Atmos Energy Corp. (company) — Registrant
- $1.5 billion (dollar_amount) — Revolving credit facility amount
- March 28, 2024 (date) — Date of the agreement
FAQ
What is the purpose of the $1.5 billion revolving credit facility?
The credit facility is intended to provide Atmos Energy Corporation with ongoing liquidity for general corporate purposes.
When was the material definitive agreement entered into?
The agreement was entered into on March 28, 2024.
What type of agreement is this filing primarily about?
The filing is primarily about the entry into a material definitive agreement, specifically a credit agreement.
What is the total amount of the revolving credit facility?
The total amount of the revolving credit facility is $1.5 billion.
What is Atmos Energy Corporation's state of incorporation?
Atmos Energy Corporation is incorporated in Texas and Virginia.
Filing Stats: 2,137 words · 9 min read · ~7 pages · Grade level 12.8 · Accepted 2024-03-29 16:06:04
Key Financial Figures
- $1.5 billion — d therein, providing the Company with a $1.5 billion senior unsecured revolving credit facil
- $250 million — h allows the Company to propose up to a $250 million increase in the lenders' commitments. P
- $900 million — 1.01 above, the Company terminated its $900 million senior unsecured revolving credit facil
Filing Documents
- d798492d8k.htm (8-K) — 41KB
- d798492dex101.htm (EX-10.1) — 541KB
- d798492dex102.htm (EX-10.2) — 540KB
- 0001193125-24-082055.txt ( ) — 1515KB
- ato-20240328.xsd (EX-101.SCH) — 3KB
- ato-20240328_def.xml (EX-101.DEF) — 13KB
- ato-20240328_lab.xml (EX-101.LAB) — 21KB
- ato-20240328_pre.xml (EX-101.PRE) — 14KB
- d798492d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Revolving Credit Agreement, dated as of March 28, 2024, among Atmos Energy Corporation, Crdit Agricole Corporate and Investment Bank, as the Administrative Agent, the agents, arrangers and bookrunners named therein, and the lenders named therein. 10.2 Revolving Credit Agreement, dated as of March 28, 2024, among Atmos Energy Corporation, Crdit Agricole Corporate and Investment Bank, as the Administrative Agent, the agents, arrangers and bookrunners named therein, and the lenders named therein. 104 Cover Page Interactive Data File. The cover page interactive data file does not appear in the interactive data file because its XBRL tags are embedded within the Inline XBRL document. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ATMOS ENERGY CORPORATION (Registrant) DATE: March 29, 2024 By: /s/ CHRISTOPHER T. FORSYTHE Christopher T. Forsythe Senior Vice President and Chief Financial Officer