AGL Capital To Offer $300 Million Of Senior Notes

August 6, 2009 (FinancialWire) — AGL Resources Inc.’s (NYSE: AGL) AGL Capital Corp. financing subsidiary 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 around $297 million.

Goldman, Sachs & Co. (NYSE: GS), SunTrust Robinson Humphrey and Wells Fargo Securities (NYSE: WFC) are the joint bookrunning managers for the offering.

The senior notes will mature on August 15, 2019. AGL Resources plans to use the net proceeds from the sale to repay a portion of its short-term debt. The transaction is scheduled to close on or about August 10.

Atlanta-based AGL Resources is an energy services company that serves around 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.

AGL Resources markets natural gas to consumers in Georgia under the Georgia Natural Gas brand as a 70 percent owner in the SouthStar partnership. The company also owns and operates Jefferson Island Storage & Hub, a natural gas storage facility near the Henry Hub in Louisiana.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).