Shearman And Sterling

News November 16, 2018

Atmos Energy Corporation’s $500 Million At-The-Market Program

Shearman & Sterling represented Morgan Stanley & Co. LLC and the several sales agents and forward purchasers, in connection with the commencement of Atmos Energy Corporation’s At-The-Market equity program to sell shares of its common stock, no par value, having an aggregate offering price of up to $500 million. The proceeds from offerings under the program will be used to repay short-term debt under Atmos’ commercial paper program, to fund capital spending primarily to enhance the safety and reliability of Atmos’ system and for general corporate purposes.

Atmos, headquartered in Dallas, is one of the country's largest, fully regulated, natural-gas-only distributors, serving over three million natural gas distribution customers in over 1,400 communities in eight states from the Blue Ridge Mountains in the East to the Rocky Mountains in the West. Atmos also manages company-owned natural gas pipeline and storage assets, including one of the largest intrastate natural gas pipeline systems in Texas.

The Team