By Wendy Van Sickle
Columbus, Ohio, Jan. 3 – AltaGas Ltd. priced C$400 million of 4.672% medium-term notes due Jan. 8, 2029 (//BBB) on Wednesday, according to a press release.
The notes priced through a syndicate of underwriters co-led by TD Securities Inc. and BMO Nesbitt Burns Inc.
Proceeds will be used to pay down existing debt under AltaGas' credit facilities, to fund working capital, and for general corporate purposes.
The energy infrastructure company is based in Calgary, Alta.
| Issuer: | AltaGas Ltd.
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| Amount: | C$400 million
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| Issue: | Medium-term notes
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| Maturity: | Jan. 8, 2029
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| Bookrunners: | TD Securities Inc. and BMO Nesbitt Burns Inc.
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| Coupon: | 4.672%
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| Pricing date: | Jan. 3
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| Settlement date: | Jan. 8
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| Rating: | Fitch: BBB
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