Atmos Energy closed a $200 million term loan, which will be used to refinance existing indebtedness. BB&T served as agent for the three-bank syndicate.

Borrowings will bear interest at a rate dependent upon the company’s credit ratings at the time of such borrowing and based, at the company’s election, on a base rate or LIBOR for the applicable interest period (one, two, three or six months). In the case of borrowings based either on the base rate or on LIBOR, an applicable margin ranging from 0.000% to 1.150% per annum would be added, based on the company’s then current credit ratings.

The base rate is defined as the highest of the per annum rate of interest established by BB&T as its prime lending rate at the time of such borrowing, the Federal Funds rate, as in effect at the time of borrowing, plus  0.50% per annum, or the one-month LIBOR+1.00%.

The term loan will expire on September 22, 2019, at which time all outstanding amounts under the term loan will be due and payable.