0001004155-22-000011.txt : 20220906 0001004155-22-000011.hdr.sgml : 20220906 20220906162559 ACCESSION NUMBER: 0001004155-22-000011 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20220906 DATE AS OF CHANGE: 20220906 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHERN CO GAS CAPITAL CORP CENTRAL INDEX KEY: 0001130891 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 880472393 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-264573-01 FILM NUMBER: 221228550 BUSINESS ADDRESS: STREET 1: 30 IVAN ALLEN JR. BLVD CITY: ATLANTA STATE: GA ZIP: 30308 BUSINESS PHONE: 4045065000 MAIL ADDRESS: STREET 1: 30 IVAN ALLEN JR. BLVD CITY: ATLANTA STATE: GA ZIP: 30308 FORMER COMPANY: FORMER CONFORMED NAME: SOUTHERN Co CAPITAL Corp DATE OF NAME CHANGE: 20160809 FORMER COMPANY: FORMER CONFORMED NAME: AGL CAPITAL CORP DATE OF NAME CHANGE: 20001228 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHERN Co GAS CENTRAL INDEX KEY: 0001004155 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 582210952 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 30 IVAN ALLEN JR. BLVD CITY: ATLANTA STATE: GA ZIP: 30308 BUSINESS PHONE: 4045065000 MAIL ADDRESS: STREET 1: 30 IVAN ALLEN JR. BLVD CITY: ATLANTA STATE: GA ZIP: 30308 FORMER COMPANY: FORMER CONFORMED NAME: AGL RESOURCES INC DATE OF NAME CHANGE: 19951129 FWP 1 gas2022asnfwp.htm FWP Document

Filed Pursuant to Rule 433
Registration Nos. 333-264573
and 333-264573-01
September 6, 2022
PRICING TERM SHEET
(To Preliminary Prospectus Supplement dated September 6, 2022)
Issuer:Southern Company Gas Capital Corporation
Guarantor:Southern Company Gas
Security:Series 2022A 5.15% Senior Notes due September 15, 2032
Expected Ratings:*
Baa1 (Stable) / BBB+ (Stable) / BBB+ (Stable) (Moody’s/
Standard & Poor’s/Fitch)
Size:$500,000,000
Initial Public Offering Price:99.720% of the principal amount
Maturity Date:September 15, 2032
Benchmark Treasury:2.750% due August 15, 2032
Benchmark Treasury Yield:3.336%
Spread to Treasury:+185 basis points
Re-offer Yield:5.186%
Optional Redemption:
Make-Whole Call:Prior to March 15, 2032 at T+30 basis points
Par Call:On or after March 15, 2032 at 100%
Coupon:5.15%
Interest Payment Dates:March 15 and September 15 of each year, beginning March 15, 2023
Format:SEC Registered
Denominations:$2,000 and integral multiples of $1,000 in excess thereof
CUSIP/ISIN:8426EP AF5/US8426EPAF56
Trade Date:September 6, 2022
Expected Settlement Date:September 9, 2022 (T+3)
Joint Book-Running Managers:
BofA Securities, Inc.
J.P. Morgan Securities LLC
Morgan Stanley & Co. LLC
RBC Capital Markets, LLC
U.S. Bancorp Investments, Inc.
Co-Managers:
Santander Investment Securities Inc.
BBVA Securities Inc.
CIBC World Markets Corp.
Huntington Securities, Inc.
Loop Capital Markets LLC
Cabrera Capital Markets LLC
CastleOak Securities, L.P.
Penserra Securities LLC

* Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
Southern Company Gas and Southern Company Gas Capital Corporation have filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents Southern Company Gas and Southern Company Gas Capital Corporation have filed with the SEC for more complete information about Southern Company Gas, Southern Company Gas Capital Corporation and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Southern Company Gas, Southern Company Gas Capital Corporation, any underwriter or any dealer participating in this offering will arrange to send you the prospectus if you request it by calling Southern Company Gas collect at 1-404-506-0734, BofA Securities, Inc. toll free at 1-800-294-1322 or by email at dg.prospectus_requests@bofa.com, J.P. Morgan Securities LLC collect at 212-834-4533, Morgan Stanley & Co. LLC toll-free at 1-866-718-1649, RBC Capital Markets, LLC toll-free at 1-866-375-6829 or U.S. Bancorp Investments, Inc. toll free at 1-877-558-2607.