AltaGas announces $300 million medium-term note offering

Friday, June 7, 2013
  • 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.


Article Tags

AltaGas Ltd. United States North America Finance


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


Related News

Popular Headlines View all
Latest Opinion View all
Join 80,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Create profile

About

OilVoice, established in 2002, is your leading source of upstream news, jobs and industry information.


Newsletter

Each week we send our weekly industry round-up. Why not try it? You may unsubscribe at any time.

Contact Us

Milton Keynes
United Kingdom
Phone: +44 207 993 5991
Contact Us


Stay Connected


2014 © OilVoice  .  Privacy Policy  .  Terms of Service  .  Oil Careers  .  Advertise with us