AltaGas completes US$750 million senior note offering
Torys acted as counsel to AltaGas with a team that included Chris Bornhorst and Connor Murray (corporate/U.S. securities) Janan Paskaran and Jennifer Marshall (corporate/Canadian securities), Kevin Fougere (lending), David Mattingly and Chris Saki (U.S. tax), Craig Maurice and Steve Marshall (Canadian tax).
On October 1, 2026, AltaGas Services (U.S.) Inc., a wholly owned subsidiary of AltaGas Ltd. ("AltaGas") closed its previously announced issuance of US$750 million aggregate principal amount of 5.750% senior notes due 2031.
Net proceeds of the offering will be used by AltaGas to repay existing indebtedness under its credit facility and/or to redeem or repurchase, in whole or in part, certain of is issued and outstanding medium-term notes.
Further information can be found on PR Newswire’s website.
AltaGas is a leading North American infrastructure company that connects customers and markets to affordable and reliable sources of energy, and operates a diversified, lower-risk, high-growth energy infrastructure business that is focused on delivering stable and growing value for its stakeholders.