Northern Illinois Gas Company announces results of consent solicitation from holders of First Mortgage Bonds

Fri Oct 26, 2012 7:58am EDT

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ATLANTA - October 26, 2012 - AGL Resources Inc. (NYSE: GAS) - AGL Resources subsidiary, Northern Illinois Gas Company ("Nicor Gas") announced today the results of its previously announced consent solicitation (the "Consent Solicitation") from holders of record at 5:00 p.m., New York City time, on October 18, 2012, of its 6.58% First Mortgage Bonds due 2028, 7.2% First Mortgage Bonds due 2016, 5.80% First Mortgage Bonds due 2023, 5.90% First Mortgage Bonds due 2032 and 5.90% First Mortgage Bonds due 2033 (together, the "Notes") to a proposed amendment (the "Proposed Amendment") to the indenture governing the Notes (the "Indenture"), which will remove the requirement that Nicor Gas file periodic reports with the Securities and Exchange Commission (the "SEC") and replace this requirement with a requirement that, in the event it is not otherwise required to file periodic reports with the SEC, Nicor Gas supplementally make available certain financial information to holders and potential purchasers of the Notes.

In addition to the Notes, there currently are outstanding under the Indenture the 5.85% First Mortgage Bonds due 2036, 6.25% First Mortgage Bonds due 2038, 4.70% First Mortgage Bonds due 2019 and 2.86% First Mortgage Bonds due 2016 of Nicor Gas (together, the "Private Notes").  Nicor Gas previously commenced a separate consent solicitation to the Proposed Amendment from holders of the Private Notes.

The Proposed Amendment is effective as of October 26, 2012. The Consent Solicitation expired at 5:00 p.m., New York City time, on Thursday, October 25, 2012 (the "Expiration Time").  Nicor Gas received the requisite consents prior to the Expiration Time.  Holders of the Notes who validly delivered and did not validly revoke their consent prior to the Expiration Time will receive a consent fee of $1.25 per $1,000 of principal amount of Notes as to which such consent was validly delivered and not properly revoked. 

J.P. Morgan Securities LLC acted as the Solicitation Agent for the Consent Solicitation. Questions regarding the Consent Solicitation may be directed to J.P. Morgan Securities LLC at (212) 834-3917.

About Nicor Gas Nicor Gas, a wholly owned subsidiary of AGL Resources (NYSE: GAS), is a natural gas distribution company that serves more than two million customers in a service territory that encompasses most of the northern third of Illinois, excluding the city of Chicago. For more information, visit www.nicorgas.com.

About AGL Resources 
AGL Resources (NYSE: GAS) is an Atlanta-based energy services holding company with operations in natural gas distribution, retail operations, wholesale services, midstream operations and cargo shipping. As the nation's largest natural gas-only distributor based on customer count, AGL Resources serves approximately 4.5 million utility customers through its regulated distribution subsidiaries in seven states. Nicor Gas also serves more than one million retail customers through its SouthStar Energy Services joint venture and Nicor National, which market natural gas and related home services. Other non-utility businesses include asset management for natural gas wholesale customers through Sequent Energy Management, ownership and operation of natural gas storage facilities, and ownership of Tropical Shipping, one of the largest containerized cargo carriers serving the Bahamas and Caribbean region. AGL Resources is a member of the S&P 500 Index. For more information, visit www.aglresources.com

Contacts:       
Financial
Sarah Stashak
Director - Investor Relations
Office:  404-584-4577
Cell:     404-895-7634
sstashak@aglresources.com

Media
Annette Martinez
Director - External Relations
Office: 630-388-2781 
Cell:     630-918-2321                         
amartinez@aglresources.com






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