AGL Capital Corporation (AGL Capital), a wholly owned subsidiary of AGL Resources Inc. , announced today that it has closed on a $1 billion credit facility. The new facility terminates on September 15, 2013, and replaces a $1 billion credit facility that was due to expire in 2011.

The credit facility is fully guaranteed by AGL Resources and it is expected that it will be used primarily to support AGL Capital's commercial paper program. AGL Capital has the option to increase the aggregate principal amount available for borrowing to $1.25 billion on terms and conditions expressed in the credit facility.

"The refinancing of our credit facility provides us increased financial security and flexibility as we continue to pursue opportunities that provide long-term shareholder value," said Steve Cave, vice president of Finance at AGL Resources.

About AGL Resources

AGL Resources , 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 an 85-percent owner in the SouthStar partnership, AGL Resources markets natural gas to consumers in Georgia under the Georgia Natural Gas brand. The company also owns and operates two high-deliverability natural gas storage facilities: Jefferson Island Storage & Hub near the Henry Hub in Louisiana and Golden Triangle Storage in Texas. For more information, visit www.aglresources.com.

Forward-Looking Statements

Certain expectations and projections regarding our future performance referenced in this press release are forward-looking statements. Forward-looking statements involve matters that are not historical facts, such as statements regarding our future operations, prospects, strategies, financial condition, economic performance (including growth and earnings), industry conditions and demand for our products and services. 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 use of the credit facility to support AGL Capital's commercial paper program. 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, changes in price, supply and demand for natural gas and related products; the impact of changes in state and federal legislation and regulation; the impact on cost and timeliness of construction projects by government and other approvals, development project delays, unexpected change in project costs, including the cost of funds to finance these projects; general economic conditions; the impact of natural disasters such as hurricanes on the supply and price of natural gas; acts of war or terrorism; 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.

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SOURCE: AGL Capital Corporation