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Northern Illinois Gas Company announces results of consent solicitation from holders of First Mortgage Bonds
ATLANTA - October 26, 2012 - AGL Resources Inc. (NYSE: GAS) - AGL Resources subsidiary, Northern Illinois Gas Company ("Nicor Gas") announced today the results of its previously announced consent solicitation (the "Consent Solicitation") from holders of record at 5:00 p.m., New York City time, on October 18, 2012, of its 6.58% First Mortgage Bonds due 2028, 7.2% First Mortgage Bonds due 2016, 5.80% First Mortgage Bonds due 2023, 5.90% First Mortgage Bonds due 2032 and 5.90% First Mortgage Bonds due 2033 (together, the "Notes") to a proposed amendment (the "Proposed Amendment") to the indenture governing the Notes (the "Indenture"), which will remove the requirement that Nicor Gas file periodic reports with the Securities and Exchange Commission (the "SEC") and replace this requirement with a requirement that, in the event it is not otherwise required to file periodic reports with the SEC, Nicor Gas supplementally make available certain financial information to holders and potential purchasers of the Notes. In addition to the Notes, there currently are outstanding under the Indenture the 5.85% First Mortgage Bonds due 2036, 6.25% First Mortgage Bonds due 2038, 4.70% First Mortgage Bonds due 2019 and 2.86% First Mortgage Bonds due 2016 of Nicor Gas (together, the "Private Notes"). Nicor Gas previously commenced a separate consent solicitation to the Proposed Amendment from holders of the Private Notes. The Proposed Amendment is effective as of October 26, 2012. The Consent Solicitation expired at 5:00 p.m., New York City time, on Thursday, October 25, 2012 (the "Expiration Time"). Nicor Gas received the requisite consents prior to the Expiration Time. Holders of the Notes who validly delivered and did not validly revoke their consent prior to the Expiration Time will receive a consent fee of $1.25 per $1,000 of principal amount of Notes as to which such consent was validly delivered and not properly revoked. J.P. Morgan Securities LLC acted as the Solicitation Agent for the Consent Solicitation. Questions regarding the Consent Solicitation may be directed to J.P. Morgan Securities LLC at (212) 834-3917.
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