Atmos Energy pricing $350 million of 30-year senior notes on Tuesday

By Andrea Heisinger

New York, Jan. 8 - Atmos Energy Corp. is expected to price $350 million of 30-year senior notes on Tuesday, according to a 424B5filing with the Securities and Exchange Commission.

The notes (Baa1/BBB+/A-) will have a make-whole call until July of 2042, with a par call afterward.

J.P. Morgan Securities LLC, Mitsubishi UFJ Securities (USA) Inc. and U.S. Bancorp Investments Inc. are the active bookrunners. Passive bookrunners are Credit Agricole Securities (USA) Inc. and RBS Securities Inc.

Proceeds will be used to repay $260 million of short-term financing of a facility that expires Feb. 1, 2013, with any remainder used for general corporate purposes, including repayment of working capital borrowings under a commercial paper program.

Atmos was last in the U.S. bond market with a $400 million sale of 5.5% 30-year bonds priced at Treasuries plus 125 basis points on June 7, 2011.

The natural gas transportation and storage company is based in Dallas.

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