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.
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