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Atmos Energy Corporation Reports Earnings For Fiscal 2013 First Quarter; Company Affirms Fiscal 2013 Guidance

Conference Call to be Webcast February 7, 2013

Atmos Energy will host a conference call with financial analysts to discuss the financial results for the fiscal 2013 first quarter on Thursday, February 7, 2013, at 10 a.m. Eastern Time. The telephone number is 877-485-3107. The conference call will be webcast live on the Atmos Energy website at www.atmosenergy.com. A playback of the call will be available on the website later that day. Kim Cocklin, president and chief executive officer and Bret Eckert, senior vice president and chief financial officer will participate in the conference call.

Highlights and Recent Developments

Atmos Energy Completes Successful Senior Note Offering

On January 11, 2013, Atmos Energy completed the public offering of $500 million 4.15% Senior Notes due 2043. The company used approximately $494 million of net proceeds from this offering to repay a total of $260 million borrowed under a short-term financing facility that was scheduled to mature on February 1, 2013 and for general corporate purposes, including the repayment of working capital borrowings pursuant to the company’s commercial paper program.

Charles K. Vaughan Retires from Board of Directors

On January 3, 2013, Atmos Energy announced that Charles K. Vaughan had retired from the company’s board of directors, effective December 27, 2012. Subsequent to his retirement, the board appointed Vaughan as an honorary director, effective January 1, 2013.

Amendment of Credit Facility

On December 7, 2012, Atmos Energy amended the company’s existing $750 million revolving credit agreement, primarily to increase the lenders’ commitment from $750 million to $950 million, while retaining the accordion feature that would allow an increase in commitments up to $1.2 billion and allow the company to obtain same-day funding on base rate loans.

Termination of Atmos Energy Marketing Credit Agreement

On December 5, 2012, Atmos Energy Marketing, LLC (AEM), an indirect wholly-owned subsidiary of the company, terminated its $200 million committed and secured credit facility, which was due to expire on December 3, 2014.

Stock quotes in this article: ATO 

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