Atmos Plans New Public Offering With Underwriters

December 5, 2018

 

Dallas-based Atmos Energy Corp. is planning a public offering of $650 million shares of common stock, the majority of which will be sold to underwriters.

About $500 million worth of shares will be sold to Goldman Sachs & Co. LLC, BofA Merrill Lynch, and Wells Fargo Securities, Atmos said Monday.

The underwriters will get an option to purchase up to $97.5 million in additional Atmos shares of common stock directly from Atmos or Goldman Sachs and Bank of America, with which the energy provider will have forward counterparty agreements.

And Atmos has also agreed to sell about $150 million in common stock to Goldman and BofA as part of the arrangement.