Atmos Energy Corporation (NYSE:ATO) entered into the First Amendment to Revolving Credit Agreement (the “First Amendment”) with Crédit Agricole Corporate and Investment Bank as Administrative Agent, Mizuho Bank, Ltd. and JPMorgan Chase Bank, National Association as co-syndication agents and a syndicate of 17 lenders identified therein, which amends the Company’s existing Revolving Credit Agreement dated September 25, 2015 (the “Crédit Agricole Facility”). The primary changes to the Crédit Agricole Facility, as reflected in the First Amendment, were to (i) extend the expiration date of the Crédit Agricole Facility for one (1) additional year to September 25, 2021, (ii) increase the committed loan amount from $1,250,000,000 to $1,500,000,000 and (iii) retain the $250,000,000 accordion feature (allowing for an increase in the total committed loan amount to $1,750,000,000).
The Crédit Agricole Facility, as amended (the “Credit Facility”), will continue to be used for working capital, capital expenditures and other general corporate purposes. There were no other material changes to the Credit Facility as a result of the execution of the First Amendment. With respect to the other parties to the Credit Facility, the Company has or may have had customary banking relationships based on the provision of a variety of financial services, including without limitation, cash management, investment banking, and equipment financing and leasing services, none of which are material individually or in the aggregate with respect to any individual party. A copy of the First Amendment is filed as Exhibit 10.1 and is incorporated herein by reference. The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the First Amendment.