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ALTAGAS LTD. ANNOUNCES AGGREGATE $600 MILLION MEDIUM TERM NOTE OFFERINGS
ALTAGAS LTD. ANNOUNCES AGGREGATE $600 MILLION MEDIUM TERM NOTE OFFERINGS Canada NewsWir...
About this update from Altagas Ltd.
[{"type":"text","content":"\n \n \n \n ALTAGAS LTD. ANNOUNCES AGGREGATE $600 MILLION MEDIUM TERM NOTE OFFERINGS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n March 11, 2024\n \n \n /CNW/ -\n \n AltaGas Ltd. (\"AltaGas\")\n \n (TSX: ALA) today announced that it has agreed to issue\n \n $350 million\n \n of senior unsecured medium term notes (the \"10 Year Notes\") with a coupon rate of 5.141 percent, maturing on\n \n March 14, 2034\n \n and\n \n $250 million\n \n of senior unsecured medium term notes (the \"30 Year Notes\") with a coupon rate of 5.597 percent, maturing on\n \n March 14, 2054\n \n (the \"Offering\").\n \n \n The Offering is expected to close on or about\n \n March 14, 2024\n \n . The net proceeds resulting from the Offering will be used to refinance the Company's\n \n March 2024\n \n medium term note maturities, to pay down other existing indebtedness, to fund working capital and for general corporate purposes.\n \n \n The Offering is being made through a syndicate of investment dealers co-led by CIBC World Markets Inc., National Bank Financial Inc. and TD Securities Inc. under AltaGas' short form base shelf prospectus dated\n \n March 31, 2023\n \n , as supplemented by a prospectus supplement dated\n \n May 11, 2023\n \n and related pricing supplement dated\n \n March 11, 2024\n \n .\n \n \n This news release does not constitute an offer to sell or the solicitation of an offer to buy any of the Offering in any jurisdiction. The Offering has not been approved or disapproved by any regulatory authority nor will it be registered under\n \n the United States\n \n \n Securities Act of 1933\n \n , as amended (the \"U.S. Securities Act\"), or any state securities laws, and may not be offered or sold within\n \n the United States\n \n unless an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws is available.\n \n \n Further to the press release of\n \n March 8, 2024\n \n , the Board of Directors of AltaGas approved a\n \n $0.2975\n \n per share quarterly...