AGL Capital Corp., a wholly owned financing subsidiary of AGL Resources Inc. (GAS), on Tuesday announced a registered public offering of an aggregate principal amount of $500 million of senior notes due 2043 at an interest rate of 4.40%.
The offering is expected to close on May 16.
The company estimates that the net proceeds from the offering will be about $493 million. AGL Resources plans to use net proceeds from the sale for general corporate purposes, including the repayment of short-term indebtedness incurred under its commercial paper program.
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