Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
LG > SEC Filings for LG > Form 8-K on 17-Jun-2014All Recent SEC Filings

Show all filings for LACLEDE GROUP INC

Form 8-K for LACLEDE GROUP INC


17-Jun-2014

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


  Add LG to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for LG - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.