AltaGas closes C$200 million hybrid note offering
On September 5, 2025, AltaGas Ltd. ("AltaGas") closed its previously announced C$200 million offering of 5.375% fixed-to-fixed rate junior subordinated notes, Series 4, due December 5, 2055.
The notes were offered through a syndicate of underwriters, co-led by BMO Nesbitt Burns Inc. and Scotia Capital Inc., and are callable after five years.
AltaGas intends to use the net proceeds of the offering to redeem or repurchase its outstanding cumulative redeemable 5-Year rate reset preferred shares, Series A and cumulative redeemable floating rate preferred shares, Series B.
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. AltaGas operates a diversified, lower-risk, high-growth Utilities and Midstream business that is focused on delivering resilient and durable value for its stakeholders.