ALA.PR.U AltaGas Ltd

AltaGas Ltd. ("AltaGas") (TSX:ALA)(TSX:ALA.PR.A)(TSX:ALA.PR.U)(TSX:ALA.PR.E)
announced today that it has closed its previously announced public offering of
8,000,000 Cumulative Redeemable Rate Reset Preferred Shares, Series G (the
"Series G Preferred Shares"), at a price of $25.00 per Series G Preferred Share
("the Offering") for aggregate gross proceeds of $200 million, including
2,000,000 Series G Preferred Shares pursuant to the exercise in full of an
underwriters' option.


The Offering was first announced on June 23, 2014 when AltaGas entered into an
agreement with a syndicate of underwriters co-led by RBC Capital Markets,
Scotiabank and TD Securities Inc.


Net proceeds will be used to reduce outstanding indebtedness and for general
corporate purposes. 


The Series G Preferred Shares will commence trading today on the Toronto Stock
Exchange ("TSX") under the symbol ALA.PR.G.


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 from the Offering, and the trading of the Series G Preferred Shares
on the TSX. 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 except as required by law. 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) 691-7197
media.relations@altagas.ca

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