AltaGas closes $450M medium-term note offering

AltaGas Ltd.



News Release

ALTAGAS LTD. CLOSES AGGREGATE $450 MILLION MEDIUM-TERM NOTE OFFERINGS

Calgary, Alberta (October 4, 2017) – AltaGas Ltd. (“AltaGas”) (TSX:ALA) today announced that it has completed its aggregate $450 million issue of senior unsecured medium-term notes (collectively, the “Offering”), specifically:
• $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 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 was 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: www.altagas.ca

Investment Community 1-877-691-7199 investor.relations@altagas.ca
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