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Atmos Energy Corporation Announces Public Offering of $650 Million of Shares of Common Stock

Atmos Energy Corporation (NYSE: ATO) announced today that it plans to
make a public offering of $650 million of shares of its common stock. Of
the $650 million of shares of Atmos Energy common stock being offered,
Atmos Energy expects to sell approximately $500 million of shares to the
underwriters in the offering, and the forward counterparties (as defined
below) expect to borrow and sell to such underwriters approximately $150
million of shares in connection with the forward sale agreements
described below. In conjunction with the offering, Atmos Energy intends
to grant to the underwriters an option to purchase up to $97.5 million
of additional shares of Atmos Energya??s common stock either directly from
Atmos Energy or from the forward counterparties described below, at
Atmos Energya??s election.


Goldman Sachs & Co. LLC, BofA Merrill Lynch, and Wells Fargo Securities
are acting as underwriters for the offering and propose to offer the
shares of common stock from time to time for sale in one or more
transactions on the New York Stock Exchange, in the over-the-counter
market, through negotiated transactions or otherwise at market prices
prevailing at the time of sale, at prices related to prevailing market
prices or at negotiated prices.


In connection with the offering, Atmos Energy intends to enter into
forward sale agreements with each of Goldman Sachs & Co. LLC and Bank of
America N.A., referred to in such capacity as the forward
counterparties, pursuant to which Atmos Energy will agree to sell to the
forward counterparties or their respective affiliates (subject to its
right to elect net share or cash settlement of such forward sale
agreement) approximately $150 million of shares of common stock in this
offering, less the underwriting discounts and commissions and subject to
certain adjustments.


Atmos Energy intends to use the net proceeds from this offering,
together with any net proceeds received upon the settlement of the
forward sale agreements, to repay short-term debt under its commercial
paper program, to fund capital spending primarily to enhance the safety
and reliability of its system and for general corporate purposes.
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