AltaGas announces $300 million medium-term note offering
- The net proceeds resulting from the Offering will be used by AltaGas to reduce indebtedness and for general corporate purposes.
AltaGas Ltd. (TSX:ALA) (TSX:ALA.PR.A) (TSX:ALA.PR.U) announced that it has agreed to issue $300 million of senior unsecured medium-term notes ("the Offering"). The notes carry a coupon rate of 3.57 percent and mature on June 12, 2023.
The net proceeds resulting from the Offering will be used by AltaGas to reduce indebtedness and for general corporate purposes.
The Offering is being made through a syndicate of investment dealers co-led by CIBC World Markets Inc. and RBC Capital Markets under AltaGas' Short Form Base Shelf Prospectus dated December 7, 2011 and Prospectus Supplement dated April 9, 2012.
This article is for information and discussion purposes only and does not form a recommendation
to invest or otherwise. The value of an investment may fall. The investments referred to in this
article may not be suitable for all investors, and if in doubt, an investor should seek advice from
a qualified investment adviser. More
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