2012-10-26 13:58:44 -
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.
About Nicor Gas Nicor Gas, a wholly owned subsidiary of AGL Resources (NYSE:
GAS), is a natural gas distribution company that serves more than two million
customers in a service territory that encompasses most of the northern third of
Illinois, excluding the city of Chicago. For more information, visit
www.nicorgas.com.
About AGL Resources
AGL Resources (NYSE: GAS) is an Atlanta-based energy services holding company
with operations in natural gas distribution, retail operations, wholesale
services, midstream operations and cargo shipping. As the nation's largest
natural gas-only distributor based on customer count, AGL Resources serves
approximately 4.5 million utility customers through its regulated distribution
subsidiaries in seven states. Nicor Gas also serves more than one million retail
customers through its SouthStar Energy Services joint venture and Nicor
National, which market natural gas and related home services. Other non-utility
businesses include asset management for natural gas wholesale customers through
Sequent Energy Management, ownership and operation of natural gas storage
facilities, and ownership of Tropical Shipping, one of the largest containerized
cargo carriers serving the Bahamas and Caribbean region. AGL Resources is a
member of the S&P 500 Index. For more information, visit www.aglresources.com.
Contacts:
Financial
Sarah Stashak
Director - Investor Relations
Office: 404-584-4577
Cell: 404-895-7634
sstashak@aglresources.com
Media
Annette Martinez
Director - External Relations
Office: 630-388-2781
Cell: 630-918-2321
amartinez@aglresources.com
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(i) the releases contained herein are protected by copyright and
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originality of the information contained therein.
Source: AGL Resources via Thomson Reuters ONE
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