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AGL Capital in the market with offering of 30-year senior notes
By Lisa Kerner
Charlotte, N.C., May 13 – AGL Capital Corp. is set to sell 30-year senior notes, according to a 424B5 filing with the Securities and Exchange Commission.
The notes are guaranteed by AGL Resources, Inc.
Bookrunners are J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and U.S. Bancorp Investments Inc.
Expected proceeds of about $300 million will be used to repay the company’s 6.375% senior notes, which will mature on July 15, 2016.
Proceeds will also be used to repay short-term debt incurred in AGL’s commercial paper program and for other general corporate purposes.
The energy services holding company is based in Atlanta.
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