New York, Nov. 5 – AltaGas Ltd. priced C$300 million of senior medium-term notes due January 2025 with a 3.84% coupon, according to a company announcement.
CIBC World Markets Inc. and BMO Capital Markets led the sale, which was made off AltaGas’ short-form base shelf prospectus.
Proceeds will be used to redeem the company’s C$100 million 6.94% medium term notes due June 29, 2016 and its C$200 million 4.10% medium term notes due March 24, 2016, and for general corporate purposes.
AltaGas is a Calgary, Alta.-based energy company focused on natural gas, power and regulated utilities.
| Issuer: | AltaGas Ltd.
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| Issue: | Senior medium-term notes
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| Amount: | C$300 million
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| Maturity: | Jan. 15, 2025
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| Coupon: | 3.84%
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| Pricing date: | Nov. 5
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| Settlement: | Nov. 10
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| Lead managers: | CIBC World Markets Inc. and BMO Capital Markets
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