AltaGas completes C$600 million offering of medium term notes
On March 14, 2024, AltaGas Ltd. ("AltaGas") completed its previously announced issuance of C$600 million senior unsecured medium term notes, comprised of C$350 million notes with a coupon rate of 5.141%, maturing on March 14, 2034 and C$250 million notes with a coupon rate of 5.597%, maturing on March 14, 2054.
The offering was made through a syndicate of investment dealers co-led by CIBC World Markets Inc., National Bank Financial Inc. and TD Securities Inc. under AltaGas' short form base shelf prospectus dated March 31, 2023, as supplemented by a prospectus supplement dated May 11, 2023 and related pricing supplement dated March 11, 2024.
Net proceeds from the offering will be used to refinance the AltaGas' March 2024 medium term note maturities, to pay down other existing indebtedness, to fund working capital and for general corporate purposes.
Further information can be found on Canada Newswire’s website.
AltaGas is a leading North American infrastructure company that connects customers and markets to affordable and reliable sources of energy. The Company operates a diversified, lower-risk, high-growth Utilities and Midstream business that is focused on delivering resilient and durable value for its stakeholders.