[8-K] Atmos Energy Corporation Reports Material Event
Atmos Energy (NYSE: ATO) filed a Form 8-K announcing a $500 million underwritten offering of 5.200% senior notes due 2035.
The underwriting agreement was executed on June 16, 2025 with Credit Agricole Securities, J.P. Morgan Securities and U.S. Bancorp Investments as joint book-runners. Atmos expects $493.5 million in net proceeds after underwriting discounts and expenses. The notes, issued under the 2009 indenture and represented by a global security, are scheduled to close on or about June 26, 2025.
The transaction extends the company鈥檚 debt-maturity profile and secures a fixed coupon, but will add roughly $26 million in annual interest expense. Exhibits include the underwriting agreement, officers鈥� certificate, global security and related legal opinions.
Atmos Energy (NYSE: ATO) ha presentato un modulo 8-K annunciando un'offerta sottoscritta di 500 milioni di dollari di obbligazioni senior al 5,200% con scadenza nel 2035.
L'accordo di sottoscrizione 猫 stato firmato il 16 giugno 2025 con Credit Agricole Securities, J.P. Morgan Securities e U.S. Bancorp Investments come co-lead manager. Atmos prevede un ricavo netto di circa 493,5 milioni di dollari dopo sconti e spese di sottoscrizione. Le obbligazioni, emesse ai sensi del contratto del 2009 e rappresentate da un titolo globale, sono programmate per la chiusura intorno al 26 giugno 2025.
L'operazione estende il profilo di scadenza del debito della societ脿 e garantisce una cedola fissa, ma comporter脿 un aumento di circa 26 milioni di dollari di spese annuali per interessi. Gli allegati includono l'accordo di sottoscrizione, il certificato degli ufficiali, il titolo globale e le relative opinioni legali.
Atmos Energy (NYSE: ATO) present贸 un formulario 8-K anunciando una oferta suscrita de 500 millones de d贸lares en notas senior al 5,200% con vencimiento en 2035.
El acuerdo de suscripci贸n se ejecut贸 el 16 de junio de 2025 con Credit Agricole Securities, J.P. Morgan Securities y U.S. Bancorp Investments como codirectores de libro. Atmos espera obtener 493,5 millones de d贸lares netos despu茅s de descuentos y gastos de suscripci贸n. Las notas, emitidas bajo el contrato de 2009 y representadas por un t铆tulo global, est谩n programadas para cerrarse alrededor del 26 de junio de 2025.
La transacci贸n extiende el perfil de vencimiento de la deuda de la empresa y asegura un cup贸n fijo, pero a帽adir谩 aproximadamente 26 millones de d贸lares en gastos anuales por intereses. Los anexos incluyen el acuerdo de suscripci贸n, certificado de los oficiales, t铆tulo global y opiniones legales relacionadas.
Atmos Energy (NYSE: ATO)電� 2035雲� 毵岅赴 5.200% 靹犾垳鞙� 毂勱秾 5鞏� 雼煬 瓿惦毳� 氚滍憸頃橂姅 8-K 鞏戩嫕鞚� 鞝滌稖頄堨姷雼堧嫟.
鞚胳垬 瓿勳暯鞚� 2025雲� 6鞗� 16鞚� Credit Agricole Securities, J.P. Morgan Securities, U.S. Bancorp Investments臧� 瓿惦彊 欤缄磤靷 觳搓舶頄堨姷雼堧嫟. Atmos電� 鞚胳垬 靾橃垬耄� 氚� 牍勳毄 瓿奠牅 頉� 4鞏� 9,350毵� 雼煬鞚� 靾滌垬鞚奠潉 鞓堨儊頃橁碃 鞛堨姷雼堧嫟. 2009雲� 瓿勳暯鞐� 霐半澕 氚滍枆霅� 鞚� 毂勱秾鞚� 旮�搿滊矊 歃濌秾鞙茧 雽�響滊悩氅�, 2025雲� 6鞗� 26鞚缄步 毵堦皭霅� 鞓堨爼鞛呺媹雼�.
鞚措矆 瓯半灅電� 須岇偓鞚� 攵�毂� 毵岅赴 頂勲頃勳潉 鞐办灔頃橁碃 瓿犾爼 炜犿彴鞚� 頇曤炒頃橃毵� 鞐瓣皠 鞎� 2,600毵� 雼煬鞚� 鞚挫瀽 牍勳毄鞚� 於旉皜霅╇媹雼�. 觳秬 氍胳劀鞐愲姅 鞚胳垬 瓿勳暯靹�, 鞛勳洂 歃濍獏靹�, 旮�搿滊矊 歃濌秾 氚� 甏�霠� 氩曤 鞚橁铂靹滉皜 韽暔霅橃柎 鞛堨姷雼堧嫟.
Atmos Energy (NYSE : ATO) a d茅pos茅 un formulaire 8-K annon莽ant une 茅mission souscrite de 500 millions de dollars de billets seniors 脿 5,200 % 茅ch茅ant en 2035.
L'accord de souscription a 茅t茅 sign茅 le 16 juin 2025 avec Credit Agricole Securities, J.P. Morgan Securities et U.S. Bancorp Investments en tant que chefs de file conjoints. Atmos pr茅voit un produit net de 493,5 millions de dollars apr猫s d茅duction des remises et frais de souscription. Les billets, 茅mis en vertu de l'acte de 2009 et repr茅sent茅s par un titre global, devraient 锚tre cl么tur茅s aux alentours du 26 juin 2025.
Cette op茅ration prolonge le profil d'茅ch茅ance de la dette de la soci茅t茅 et garantit un coupon fixe, mais entra卯nera environ 26 millions de dollars de charges d'int茅r锚ts annuelles suppl茅mentaires. Les annexes comprennent l'accord de souscription, le certificat des dirigeants, le titre global et les avis juridiques associ茅s.
Atmos Energy (NYSE: ATO) hat ein Formular 8-K eingereicht, in dem eine unterzeichnete Emission von 500 Millionen US-Dollar 5,200% Senior Notes mit F盲lligkeit 2035 angek眉ndigt wird.
Der Zeichnungsvereinbarung wurde am 16. Juni 2025 mit Credit Agricole Securities, J.P. Morgan Securities und U.S. Bancorp Investments als gemeinsame Bookrunner unterzeichnet. Atmos erwartet nach Abzug von Zeichnungsrabatten und Kosten einen Nettoerl枚s von 493,5 Millionen US-Dollar. Die unter der Anleihebedingungen von 2009 ausgegebenen und durch ein globales Wertpapier vertretenen Notes sollen etwa am 26. Juni 2025 geschlossen werden.
Die Transaktion verl盲ngert das F盲lligkeitsprofil der Unternehmensverschuldung und sichert einen festen Kupon, f眉hrt jedoch zu j盲hrlichen Zinsaufwendungen von etwa 26 Millionen US-Dollar. Die Anlagen umfassen die Zeichnungsvereinbarung, ein Zertifikat der F眉hrungskr盲fte, das globale Wertpapier sowie zugeh枚rige Rechtsgutachten.
- $493.5 million net proceeds strengthen liquidity and fund corporate purposes
- Fixed 5.200% coupon locks in cost of debt through 2035, extending maturity ladder
- Adds $500 million to long-term debt, increasing annual interest expense by approximately $26 million
- Filing does not specify use of proceeds, leaving leverage benefit uncertain
Insights
TL;DR: $500m 5.2% notes fortify liquidity, extend tenor; leverage uptick modest; impact neutral until capital allocation clarified.
The company is tapping the bond market for $500 million at a 5.200% coupon, locking in funding for ten years. Net proceeds of $493.5 million suggest a tight 1.3% underwriting fee, consistent with investment-grade issuance. The structure under the 2009 indenture and single global security is standard, indicating no exotic features such as call spreads or variable coupons. While the raise improves near-term liquidity and smooths the maturity ladder, it lifts annual interest by roughly $26 million and raises total debt. Because the filing omits a use-of-proceeds section, investors cannot yet judge whether leverage will finance growth capex, refinance higher-cost debt, or simply bolster the balance sheet. On balance, absent explicit strategic deployment, I view the credit impact as neutral.
TL;DR: Long-term debt fixes cost of capital, optionality for investments; positive if proceeds fund regulated growth.
Management has secured ten-year money at 5.2%, a rate that appears reasonable for a BBB utility name, giving predictable financing costs through 2035. Assuming proceeds are directed toward rate-base expansion or infrastructure safety programs, the incremental interest burden could be recoverable through regulated returns, potentially earning a spread above the coupon. The swift closing timeline (June 26) and blue-chip underwriter syndicate signal strong market demand. Importantly, no equity dilution accompanies the raise, preserving EPS. While leverage inches higher, utilities typically operate with elevated debt, and fixed-rate funding mitigates refinancing risk. Provided the funds back accretive capex, the transaction should be mildly positive for shareholders.
Atmos Energy (NYSE: ATO) ha presentato un modulo 8-K annunciando un'offerta sottoscritta di 500 milioni di dollari di obbligazioni senior al 5,200% con scadenza nel 2035.
L'accordo di sottoscrizione 猫 stato firmato il 16 giugno 2025 con Credit Agricole Securities, J.P. Morgan Securities e U.S. Bancorp Investments come co-lead manager. Atmos prevede un ricavo netto di circa 493,5 milioni di dollari dopo sconti e spese di sottoscrizione. Le obbligazioni, emesse ai sensi del contratto del 2009 e rappresentate da un titolo globale, sono programmate per la chiusura intorno al 26 giugno 2025.
L'operazione estende il profilo di scadenza del debito della societ脿 e garantisce una cedola fissa, ma comporter脿 un aumento di circa 26 milioni di dollari di spese annuali per interessi. Gli allegati includono l'accordo di sottoscrizione, il certificato degli ufficiali, il titolo globale e le relative opinioni legali.
Atmos Energy (NYSE: ATO) present贸 un formulario 8-K anunciando una oferta suscrita de 500 millones de d贸lares en notas senior al 5,200% con vencimiento en 2035.
El acuerdo de suscripci贸n se ejecut贸 el 16 de junio de 2025 con Credit Agricole Securities, J.P. Morgan Securities y U.S. Bancorp Investments como codirectores de libro. Atmos espera obtener 493,5 millones de d贸lares netos despu茅s de descuentos y gastos de suscripci贸n. Las notas, emitidas bajo el contrato de 2009 y representadas por un t铆tulo global, est谩n programadas para cerrarse alrededor del 26 de junio de 2025.
La transacci贸n extiende el perfil de vencimiento de la deuda de la empresa y asegura un cup贸n fijo, pero a帽adir谩 aproximadamente 26 millones de d贸lares en gastos anuales por intereses. Los anexos incluyen el acuerdo de suscripci贸n, certificado de los oficiales, t铆tulo global y opiniones legales relacionadas.
Atmos Energy (NYSE: ATO)電� 2035雲� 毵岅赴 5.200% 靹犾垳鞙� 毂勱秾 5鞏� 雼煬 瓿惦毳� 氚滍憸頃橂姅 8-K 鞏戩嫕鞚� 鞝滌稖頄堨姷雼堧嫟.
鞚胳垬 瓿勳暯鞚� 2025雲� 6鞗� 16鞚� Credit Agricole Securities, J.P. Morgan Securities, U.S. Bancorp Investments臧� 瓿惦彊 欤缄磤靷 觳搓舶頄堨姷雼堧嫟. Atmos電� 鞚胳垬 靾橃垬耄� 氚� 牍勳毄 瓿奠牅 頉� 4鞏� 9,350毵� 雼煬鞚� 靾滌垬鞚奠潉 鞓堨儊頃橁碃 鞛堨姷雼堧嫟. 2009雲� 瓿勳暯鞐� 霐半澕 氚滍枆霅� 鞚� 毂勱秾鞚� 旮�搿滊矊 歃濌秾鞙茧 雽�響滊悩氅�, 2025雲� 6鞗� 26鞚缄步 毵堦皭霅� 鞓堨爼鞛呺媹雼�.
鞚措矆 瓯半灅電� 須岇偓鞚� 攵�毂� 毵岅赴 頂勲頃勳潉 鞐办灔頃橁碃 瓿犾爼 炜犿彴鞚� 頇曤炒頃橃毵� 鞐瓣皠 鞎� 2,600毵� 雼煬鞚� 鞚挫瀽 牍勳毄鞚� 於旉皜霅╇媹雼�. 觳秬 氍胳劀鞐愲姅 鞚胳垬 瓿勳暯靹�, 鞛勳洂 歃濍獏靹�, 旮�搿滊矊 歃濌秾 氚� 甏�霠� 氩曤 鞚橁铂靹滉皜 韽暔霅橃柎 鞛堨姷雼堧嫟.
Atmos Energy (NYSE : ATO) a d茅pos茅 un formulaire 8-K annon莽ant une 茅mission souscrite de 500 millions de dollars de billets seniors 脿 5,200 % 茅ch茅ant en 2035.
L'accord de souscription a 茅t茅 sign茅 le 16 juin 2025 avec Credit Agricole Securities, J.P. Morgan Securities et U.S. Bancorp Investments en tant que chefs de file conjoints. Atmos pr茅voit un produit net de 493,5 millions de dollars apr猫s d茅duction des remises et frais de souscription. Les billets, 茅mis en vertu de l'acte de 2009 et repr茅sent茅s par un titre global, devraient 锚tre cl么tur茅s aux alentours du 26 juin 2025.
Cette op茅ration prolonge le profil d'茅ch茅ance de la dette de la soci茅t茅 et garantit un coupon fixe, mais entra卯nera environ 26 millions de dollars de charges d'int茅r锚ts annuelles suppl茅mentaires. Les annexes comprennent l'accord de souscription, le certificat des dirigeants, le titre global et les avis juridiques associ茅s.
Atmos Energy (NYSE: ATO) hat ein Formular 8-K eingereicht, in dem eine unterzeichnete Emission von 500 Millionen US-Dollar 5,200% Senior Notes mit F盲lligkeit 2035 angek眉ndigt wird.
Der Zeichnungsvereinbarung wurde am 16. Juni 2025 mit Credit Agricole Securities, J.P. Morgan Securities und U.S. Bancorp Investments als gemeinsame Bookrunner unterzeichnet. Atmos erwartet nach Abzug von Zeichnungsrabatten und Kosten einen Nettoerl枚s von 493,5 Millionen US-Dollar. Die unter der Anleihebedingungen von 2009 ausgegebenen und durch ein globales Wertpapier vertretenen Notes sollen etwa am 26. Juni 2025 geschlossen werden.
Die Transaktion verl盲ngert das F盲lligkeitsprofil der Unternehmensverschuldung und sichert einen festen Kupon, f眉hrt jedoch zu j盲hrlichen Zinsaufwendungen von etwa 26 Millionen US-Dollar. Die Anlagen umfassen die Zeichnungsvereinbarung, ein Zertifikat der F眉hrungskr盲fte, das globale Wertpapier sowie zugeh枚rige Rechtsgutachten.
FAQ
Why did Atmos Energy (ATO) file an 8-K on June 26, 2025?
How much net cash will ATO receive from the 5.200% senior notes?
What are the key terms of Atmos Energy's new senior notes?
When is the debt offering expected to close?
Which banks are underwriting the Atmos Energy bond issue?
How will the new notes affect ATO's interest expense?
