Atmos Energy Corp. announced that it plans to make a public offering of 8,000,000 shares of its common stock.
According to a release, J.P. Morgan, Goldman, Sachs & Co. and Morgan Stanley are the joint book-running managers for the offering. The co-managers are BofA Merrill Lynch, Wells Fargo Securities, BB&T Capital Markets and Credit Agricole CIB. The underwriters will be granted an option to purchase up to an additional 1,200,000 shares. The company will offer all of the shares.
Atmos Energy noted it intends to use the net proceeds from this offering primarily to repay short-term debt outstanding under its $950 million commercial paper program, fund infrastructure spending to enhance the safety and reliability of the company's system and for general corporate purposes.
Atmos Energy Corp. is a natural-gas-only distributor.
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