Piedmont Natural Gas Company 8-K 2012
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Piedmont Natural Gas Company, Inc.
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Item 1.01 Entry into a Material Definitive Agreement.
On March 1, 2012, Piedmont Natural Gas Company, Inc. (the "Company") entered into a new commercial paper program (the "Program") pursuant to which the Company may issue short-term, unsecured commercial paper notes (the "Notes"). Amounts available under the Program may be borrowed, repaid and re-borrowed from time to time, with the aggregate principal amount outstanding under the Program not to exceed $650 million. The Program was entered into pursuant to commercial paper dealer agreements with two commercial paper dealers (the "Dealers"), each agreement being dated as of March 1, 2012 (collectively, the "Dealer Agreement"). The Dealer Agreement provides the terms under which the Dealers will either purchase from the Company or arrange for the sale by the Company of the Notes pursuant to a private placement exemption and contains customary representations, warranties, covenants and indemnification provisions.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.