AltaGas announces $450M note offering

News Release


Calgary, Alberta (October 2, 2017)

AltaGas Ltd. (“AltaGas”) (TSX:ALA) today announced that it has agreed to issue an aggregate $450 million of senior unsecured medium-term notes as follows (collectively, the “Offering”):
 $200 million medium-term notes with a coupon rate of 3.98 percent, maturing on October 4, 2027; and
 $250 million medium-term notes with a coupon rate of 4.99 percent, maturing on October 4, 2047.

The Offering is expected to close on or about October 4, 2017. The net proceeds resulting from the Offering will be used to pay down existing indebtedness including, without limitation, indebtedness under AltaGas’ credit facility and the repayment at maturity of other outstanding debt obligations, and for general corporate purposes.

The Offering is being made through a syndicate of investment dealers co-led by CIBC Capital Markets and BMO Capital Markets under AltaGas’ Short Form Base Shelf Prospectus dated September 7, 2017 and Prospectus Supplement dated September 26, 2017.

AltaGas is an energy infrastructure company 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:

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