By Rebecca Melvin
New York, March 12 – AltaGas Ltd. has agreed to issue C$350 million of 1.227% medium-term notes due 2024 and $200 million of 2.166% medium-term notes due 2027 (//BBB), according to a press release on Friday.
The offering is being made through a syndicate of investment dealers co-led by RBC Capital Markets, Scotiabank and TD Securities Inc. under AltaGas' short form base shelf prospectus.
The proceeds will be used to pay down existing debt under AltaGas' credit facility and for general corporate purposes.
AltaGas is an energy company based in Calgary, Alta.
| Issuer: | AltaGas Ltd.
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| Issue: | Senior notes
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| Amount: | C$550 million
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| Bookrunners: | RBC Capital Markets, Scotiabank and TD Securities Inc.
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| Settlement date: | March 16
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| Distribution: | Short form base shelf prospectus
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| 2024 notes
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| Amount: | C$350 million
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| Maturity: | March 18, 2024
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| Coupon: | 1.227%
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| 2027 notes
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| Amount: | C$200 million
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| Maturity: | March 16, 2027
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| Coupon: | 2.166%
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