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 completed its US$200 million issue of 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 Offering will be used to reduce bank
indebtedness and for general corporate purposes.


The Offering was 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 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: 
AltaGas Ltd.
Investment Community
1-877-691-7199
investor.relations@altagas.ca


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

AltaGas (TSX:ALA.PR.U)
Historical Stock Chart
From Mar 2024 to Apr 2024

AltaGas (TSX:ALA.PR.U)
Historical Stock Chart
From Apr 2023 to Apr 2024