Atmos Energy Corporation announced a $700 million public offering of 4.750% Senior Notes due 2032. The underwriting agreement was signed with J.P. Morgan Securities, Mizuho Securities USA, and Wells Fargo Securities as representatives of the underwriters. The company expects net proceeds of approximately $693.9 million after underwriting discounts and expenses, to be used for corporate purposes including infrastructure investment. The notes will be issued under an indenture dated March 26, 2009, with U.S. Bank Trust Company serving as trustee. Separately, Mizuho lowered its price target on Atmos Energy to $184 from $192 while maintaining a Neutral rating, citing weaker valuation multiples across the utility sector.
Atmos Energy CorporationMizuho lowered price target to $184 from $192, citing weaker valuation multiples.