Atmos Energy said on May 8, 2024 that it entered into an equity distribution agreement with the Managers and Forward Purchasers, allowing it to sell common stock with an aggregate offering price of up to $1,000,000,000 through the Managers from time to time.

1. 01

   Atmos Energy said on May 8, 2024 that it entered into an equity distribution agreement with the Managers and Forward Purchasers, allowing it to sell common stock with an aggregate offering price of up to $1,000,000,000 through the Managers from time to time.

2. 02

   The company said the agreement follows the completion of sales under its prior $1,000,000,000 at-the-market program, dated March 31, 2023. Managers acting as sales agents receive a commission of 1.00% of gross proceeds.

3. 03

   Atmos Energy said it may enter into forward sale agreements. It said it expects to receive proceeds from a Forward Seller's sale of borrowed shares only upon future physical settlement, not initially. If it elects cash settlement or net share settlement, it may receive no proceeds and may owe cash or shares to the Forward Purchaser.

4. 04

   The company said it intends to use the net proceeds from issuing and selling its common stock to fund capital spending, primarily to enhance the safety and reliability of its system, and for general corporate purposes. It also said it has no obligation to offer or sell any shares under the agreement and may suspend sales at any time.

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Original filing

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