AltaGas Ltd. Closes US$200 Million Medium-Term Note Offering
March 24 2014 - 1:10PM
Marketwired
AltaGas Ltd. Closes US$200 Million Medium-Term Note Offering
CALGARY, ALBERTA--(Marketwired - Mar 24, 2014) - 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.
AltaGas Ltd.Investment
Community1-877-691-7199investor.relations@altagas.caAltaGas
Ltd.Media(403) 269-5701media.relations@altagas.cawww.altagas.ca
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