ALA.PR.U AltaGas Ltd

AltaGas Ltd. ("AltaGas") (TSX:ALA)(TSX:ALA.PR.A)(TSX:ALA.PR.U)(TSX:ALA.PR.E)
today announced that it has agreed to issue US$200 million senior unsecured
medium-term notes ("the Offering"). The notes carry a floating rate coupon of
three month LIBOR plus 0.72% and mature on March 24, 2016.


The net proceeds resulting from the issuance of the Offering will be used to
reduce bank indebtedness and for general corporate purposes.


The Offering is being made through a syndicate of investment dealers co-led by
BMO Capital Markets as sole bookrunner and Scotiabank under AltaGas' Short Form
Base Shelf Prospectus dated August 23, 2013 and Prospectus Supplement dated
January 7, 2014.


AltaGas is an energy infrastructure business with a focus on natural gas, power
and regulated utilities. AltaGas creates value by acquiring, growing and
optimizing its energy infrastructure, including a focus on clean energy sources.
For more information visit: www.altagas.ca


This news release contains forward-looking statements. When used in this news
release, the words "may", "would", "could", "will", "intend", "plan",
"anticipate", "believe", "seek", "propose", "estimate", "expect", and similar
expressions, as they relate to AltaGas or an affiliate of AltaGas, are intended
to identify forward-looking statements. In particular, this news release
contains forward-looking statements with respect to, among other things, the
closing of the Offering, the use of proceeds of the Offering, the maintenance of
its investment grade rating, business objectives, expected growth, results of
operations, business projects and opportunities and financial results. These
statements involve known and unknown risks, uncertainties and other factors that
may cause actual results or events to differ materially from those anticipated
in such forward-looking statements. Such statements reflect AltaGas' current
views with respect to future events based on certain material factors and
assumptions and are subject to certain risks and uncertainties, including
without limitation, changes in market, competition, governmental or regulatory
developments, general economic conditions and other factors set out in AltaGas'
public disclosure documents. Many factors could cause AltaGas' actual results,
performance or achievements to vary from those described in this news release,
including without limitation those listed above. These factors should not be
construed as exhaustive. Should one or more of these risks or uncertainties
materialize, or should assumptions underlying forward-looking statements prove
incorrect, actual results may vary materially from those described in this news
release as intended, planned, anticipated, believed, sought, proposed, estimated
or expected, and such forward-looking statements included in, or incorporated by
reference in this news release, should not be unduly relied upon. Such
statements speak only as of the date of this news release. AltaGas does not
intend, and does not assume any obligation, to update these forward-looking
statements. The forward-looking statements contained in this news release are
expressly qualified by this cautionary statement.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investment Community
1-877-691-7199
investor.relations@altagas.ca


Media
(403) 269-5701
media.relations@altagas.ca

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