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LG > SEC Filings for LG > Form 8-K on 17-Jun-2014All Recent SEC Filings

Show all filings for LACLEDE GROUP INC



Entry into a Material Definitive Agreement, Financial Statements and Exhibits

Item 1.01 Entry into a Material Definitive Agreement.

On April 5, 2014, The Laclede Group, Inc. ("Laclede") entered into a definitive stock purchase agreement to acquire all of the outstanding shares of Alabama Gas Corporation from Energen Corporation (the "Acquisition"), as well as a commitment letter (the "Commitment Letter") with Credit Suisse AG and its affiliates (collectively "Credit Suisse") and Wells Fargo Bank, National Association and its affiliates (collectively, "Wells Fargo", together with Credit Suisse, the "Banks"). Pursuant to the Commitment Letter, which was subsequently syndicated by the Banks to a group of 13 banks, including the Banks (collectively, the "Bridge Lenders"), effective April 28, 2014, the Bridge Lenders committed to provide a 364-day senior bridge term loan credit facility in an aggregate principal amount of up to $1.35 billion to fund the Acquisition.

On June 11, 2014, Laclede completed a public offering and sale of its common stock and equity units generating net proceeds of approximately $600 million, which are to be used to fund a portion of the purchase price for the Acquisition or other general corporate purposes and which, pursuant to the terms of the Commitment Letter, automatically reduced the commitments of the Bridge Lenders by an equal amount.

On June 16, 2014, Laclede and the Bridge Lenders entered into a first amendment to the Commitment Letter further reducing the aggregate commitments of the Bridge Lenders to $700 million.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibits are filed as part of this report:
99.1 1st Amendment to Commitment Letter, dated June 16, 2014

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