Atmos Energy Secures $1.5B Credit Facility
Ticker: ATO · Form: 8-K · Filed: Jun 21, 2024 · CIK: 731802
| Field | Detail |
|---|---|
| Company | Atmos Energy CORP (ATO) |
| Form Type | 8-K |
| Filed Date | Jun 21, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $325 million, $400,000,000, $338.9 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: financing, credit-facility, debt
Related Tickers: X
TL;DR
Atmos Energy just boosted its credit lines by $300M to $1.5B, maturing in 2029. Plus a new $500M term loan due 2027.
AI Summary
Atmos Energy Corporation announced on June 18, 2024, that it has entered into a new unsecured revolving credit facility totaling $1.5 billion. This facility matures on June 18, 2029, and replaces a previous $1.2 billion facility. The company also entered into a new $500 million unsecured term loan facility, maturing on June 18, 2027.
Why It Matters
This expansion of Atmos Energy's credit facilities provides increased financial flexibility to support its ongoing capital expenditure programs and operational needs.
Risk Assessment
Risk Level: low — The filing details routine credit facility updates, which are standard financial operations for a company of this size and industry.
Key Numbers
- $1.5B — New Revolving Credit Facility (Increases borrowing capacity)
- $500M — New Term Loan Facility (Provides additional long-term funding)
- $1.2B — Previous Revolving Credit Facility (Replaced by the new, larger facility)
Key Players & Entities
- Atmos Energy Corporation (company) — Registrant
- $1.5 billion (dollar_amount) — New unsecured revolving credit facility amount
- June 18, 2029 (date) — Maturity date of the new credit facility
- $1.2 billion (dollar_amount) — Previous unsecured revolving credit facility amount
- $500 million (dollar_amount) — New unsecured term loan facility amount
- June 18, 2027 (date) — Maturity date of the new term loan facility
FAQ
What is the total amount of the new unsecured revolving credit facility?
The new unsecured revolving credit facility totals $1.5 billion.
When does the new unsecured revolving credit facility mature?
The new unsecured revolving credit facility matures on June 18, 2029.
What is the amount of the new unsecured term loan facility?
The new unsecured term loan facility is for $500 million.
When does the new unsecured term loan facility mature?
The new unsecured term loan facility matures on June 18, 2027.
What facility does the new $1.5 billion credit line replace?
The new $1.5 billion unsecured revolving credit facility replaces a previous $1.2 billion facility.
Filing Stats: 800 words · 3 min read · ~3 pages · Grade level 10.1 · Accepted 2024-06-21 08:58:32
Key Financial Figures
- $325 million — ing (the "Offering") by Atmos Energy of $325 million aggregate principal amount of its 5.900
- $400,000,000 — nal issuance of Atmos Energy's existing $400,000,000 5.900% Senior Notes due 2033. The Offer
- $338.9 million — t to accrued interest, of approximately $338.9 million. The Offering is expected to close on o
Filing Documents
- d832404d8k.htm (8-K) — 32KB
- d832404dex11.htm (EX-1.1) — 183KB
- d832404dex41.htm (EX-4.1) — 26KB
- d832404dex42.htm (EX-4.2) — 35KB
- d832404dex51.htm (EX-5.1) — 13KB
- d832404dex52.htm (EX-5.2) — 23KB
- g832404g0619120907218.jpg (GRAPHIC) — 2KB
- g832404g0619121156459.jpg (GRAPHIC) — 4KB
- g832404g19l90.jpg (GRAPHIC) — 9KB
- g832404g39y32.jpg (GRAPHIC) — 7KB
- 0001193125-24-165189.txt ( ) — 569KB
- ato-20240618.xsd (EX-101.SCH) — 3KB
- ato-20240618_def.xml (EX-101.DEF) — 13KB
- ato-20240618_lab.xml (EX-101.LAB) — 21KB
- ato-20240618_pre.xml (EX-101.PRE) — 14KB
- d832404d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 1.1 Underwriting Agreement dated as of June 18, 2024 4.1 Form of Officers' Certificate, to be dated June 21, 2024 4.2 Form of Global Security for 5.900% Senior Notes due 2033 5.1 Opinion of Gibson, Dunn & Crutcher LLP 5.2 Opinion of Hunton Andrews Kurth LLP 23.1 Consent of Gibson, Dunn & Crutcher LLP (included in Exhibit 5.1) 23.2 Consent of Hunton Andrews Kurth LLP (included in Exhibit 5.2) 104 Cover Page Interactive Data File. The cover page XBRL tags are embedded within the inline XBRL document (contained in Exhibit 101). 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: June 21, 2024 By: /s/ Daniel M. Meziere Daniel M. Meziere Vice President of Investor Relations and Treasurer