AGL Capital Corporation Prices its $300 Million Bond Offering
AGL Capital Corporation, a wholly-owned financing subsidiary of AGL Resources Inc.
The coupon rate on the 10-year senior notes is 7.125 percent, with interest payable semi-annually. The senior notes are unsecured, and will have a final maturity date of January 14, 2011. The net proceeds from the sale of the senior notes will be used to reduce short-term debt obligations.
AGL Resources Inc. is a regional holding company for energy and infrastructure related businesses in the Southeast. Through its gas distribution companies, AGL Resources is recognized as the second largest natural gas-only distribution company in the United States. Together these companies serve nearly 1.8 million customers throughout Georgia, Chattanooga, Tennessee, and southeastern Virginia and boast customer growth rates that are among the highest in the industry. AGL Resources also is engaged through subsidiaries and partnerships in other businesses, including telecommunications, retail energy marketing, and wholesale and retail propane sales. The company's home page address on the Internet is http://www.aglresources.com/ .
SOURCE: AGL Resources Inc.
Contact: investors, Melanie M. Platt, Vice President Investor Relations