AGL Capital Corporation Announces Public Offering of $300 Million of Senior Notes



    



    
    ATLANTA, Aug. 5 /CNW/ -- AGL Capital Corporation, a wholly owned
financing subsidiary of AGL Resources Inc. (NYSE:   AGL), announced it is
offering $300 million of 10-year senior notes at an interest rate of 5.25%. 
The company estimates that the net proceeds from the offering will be
approximately $297 million.  The senior notes will mature on August 15, 2019. 
AGL Resources intends to use the net proceeds from the sale of the senior
notes to repay a portion of its short-term debt.

    The transaction is expected to close on or about August 10, 2009.
Goldman, Sachs & Co., SunTrust Robinson Humphrey, Inc. and Wells Fargo
Securities, LLC are the joint book-running managers for the offering.

    This press release does not constitute an offer to sell, or the
solicitation of an offer to buy, any securities. Any such offer will be made
only by means of a prospectus.  Potential investors should read the prospectus
and prospectus supplement carefully before making any investment decision.  A
copy of the preliminary prospectus relating to the offering may be obtained
from the underwriters and is available on the internet at www.sec.gov.
    


    About AGL Resources
    
    AGL Resources (NYSE:   AGL), an Atlanta-based energy services company,
serves approximately 2.3 million customers in six states.  The company also
owns Houston-based Sequent Energy Management, an asset manager serving natural
gas wholesale customers throughout North America.  As a 70 percent owner in
the SouthStar partnership currently, AGL Resources markets natural gas to
consumers in Georgia under the Georgia Natural Gas brand.  The company also
owns and operates Jefferson Island Storage & Hub, a high-deliverability
natural gas storage facility near the Henry Hub in Louisiana.
    


    Forward-Looking Statements
    
    Certain expectations referenced in this press release are forward-looking
statements. Forward-looking statements involve matters that are not historical
facts, and because these statements involve anticipated events or conditions,
forward-looking statements often include words such as "anticipate," "assume,"
"believe," "can," "could," "estimate," "expect," "forecast," "future," "goal,"
"indicate," "intend," "may," "outlook," "plan," "potential," "predict,"
"project," "seek," "should," "target," "would," or similar expressions.
Forward-looking statements contained in this press release include, without
limitation, the expected closing date and use of proceeds of the notes
offering. Our expectations are not guarantees and are based on currently
available competitive, financial and economic data along with our operating
plans. While we believe our expectations are reasonable in view of the
currently available information, our expectations are subject to future
events, risks and uncertainties, and there are several factors - many beyond
our control - that could cause results to differ significantly from our
expectations.

    Such events, risks and uncertainties include, but are not limited to,
direct or indirect effects on our business, financial condition or liquidity
resulting from a change in our credit ratings or the credit ratings of our
counterparties or competitors; interest rate fluctuations; financial market
conditions, including recent disruptions in the capital markets and lending
environment and the current economic downturn; general economic conditions;
and other factors which are provided in detail in our filings with the
Securities and Exchange Commission, which we incorporate by reference in this
press release. Forward-looking statements are only as of the date they are
made, and we do not undertake to update these statements to reflect subsequent
changes.
    



    




For further information:

For further information: Financial: Steve Cave, Office: 
+1-404-584-3801, Cell: +1-678-642-4258, Media: Tami Gerke, Office:
+1-404-584-3873, Cell: +1-404-558-2307 Web Site: http://www.aglresources.com

Organization Profile

AGL RESOURCES

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890