Free Writing Prospectus, dated June 6, 2023
Filed pursuant to Rule 433 under the Securities Act of 1933
Supplementing the Preliminary Prospectus, dated May 26, 2023
Registration Statement Nos. 333-270078 and 333-270078-01
This Preliminary Term Sheet has been prepared solely for informational purposes and is not
an offer to buy or sell or a solicitation of an offer to buy or sell any securitized utility tariff bonds in any jurisdiction where such offer or sale is prohibited. Please read the important information and qualifications on pages 1 and 2 of
this Preliminary Term Sheet.
Atmos Energy Kansas Securitization I, LLC
(Issuing Entity)
PRELIMINARY TERM SHEET
$95,000,000 Series 2023-A Senior Secured Securitized Utility Tariff Bonds
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Issuing entity: |
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Atmos Energy Kansas Securitization I, LLC (the Issuing Entity) |
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Sponsor, depositor and initial servicer: |
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Atmos Energy Corporation (Atmos Energy) |
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Trustee: |
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U.S. Bank Trust Company, National Association |
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Sole Bookrunner: |
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J.P. Morgan Securities LLC |
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Expected Ratings (Moodys/Fitch): |
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Aaa (sf)/ AAAsf(1) |
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Payment dates(2): |
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March 1 and September 1, commencing March 1, 2024 |
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Initial securitized utility tariff charge as a percentage of average residential customers total gas bill: |
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Atmos Energy estimates that on an annualized basis the initial securitized utility tariff charges would represent approximately 7%* of the total bill received by an average residential customer based on rates as of March 31,
2023 |
(1) |
A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or
withdrawal at any time. |
(2) |
In any case where the date on which payment is due shall not be a Business Day, then payment may be made on the
next Business Day. |
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Tranche* |
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Expected weighted average life (years)* |
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Principal amount offered* |
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Scheduled final payment date* |
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Final maturity date* |
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CUSIP |
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ISIN |
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A |
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5.48 |
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$ |
95,000,000 |
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03/01/2033 |
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03/01/2035 |
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04956GAA8 |
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US04956GAA85 |
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Preliminary, subject to change |
Atmos Energy Corporation (Atmos Energy), and the Issuing Entity have filed a registration statement (including a prospectus) with the
Securities and Exchange Commission (SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents Atmos Energy and the Issuing Entity have
filed with the SEC for more complete information about the Issuing Entity and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, Atmos Energy, the Issuing Entity, any underwriter
or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Atmos Energy collect at
1-972-934-9227 or J.P. Morgan Securities LLC toll-free at 1-800-408-1016.
This Preliminary Term Sheet is not required to contain all information that is
required to be included in the prospectus for the securities offering to which this Preliminary Term Sheet relates. The prospectus contains material information not contained herein, and the prospective purchasers are referred to the prospectus,
including the final prospectus. This Preliminary Term Sheet is not an offer to sell or a solicitation of an offer to buy these securities in any jurisdiction where such offer, solicitation or sale is not permitted.
The information in this Preliminary Term Sheet is preliminary and may be superseded by an additional term sheet provided to you prior to the time you enter
into a contract of sale. This Preliminary Term Sheet is being delivered to you solely to provide you with information about the offering of the securities referred to herein. The securities are being offered when, as and if issued. In particular,
you are advised that these securities, and the securitized utility tariff charges securing them, are subject to modification or revision, at any time prior to issuance or availability of a final prospectus. As a result, you may commit to purchase
securities that have characteristics that may change, and you are advised that all or a portion of the securities may not be issued that have the characteristics described in these materials. The Issuing Entitys obligation to sell securities
to you is conditioned on the securities and the underlying transaction having the characteristics described in these materials.
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