CALGARY, ALBERTA–(Marketwired – April 7, 2016) – AltaGas Ltd. (“AltaGas”) (TSX:ALA) today announced that it has completed its $350 million issue of senior unsecured medium-term notes (the “Offering”). The notes carry a coupon rate of 4.12% and mature on April 7, 2026.
The net proceeds resulting from the Offering will be used to pay down existing indebtedness including, without limitation, indebtedness under AltaGas’ credit facility, and for general corporate purposes.
The Offering was made through a syndicate of investment dealers co-led by CIBC Capital Markets and RBC Capital Markets under AltaGas’ Short Form Base Shelf Prospectus dated August 10, 2015 and Prospectus Supplement dated August 11, 2015.
AltaGas is an energy infrastructure business with a focus on natural gas, power and regulated utilities. AltaGas creates value by acquiring, growing and optimizing its energy infrastructure, including a focus on clean energy sources. For more information visit: www.altagas.ca