AltaGas plans to redeem all C$200 million 4.1% series 5 notes

By Toni Weeks

San Luis Obispo, Calif., Nov. 5 – AltaGas Ltd. said it intends to exercise its right to redeem all C$200 million of its 4.1% series 5 medium-term notes due March 24, 2016 on or after Dec. 8.

The redemption price will be determined based on the indenture governing the notes and will include accrued interest up to the redemption date, according to a press release.

Once AltaGas gives the notice of redemption, it will be obligated to complete the redemption. The redemption notice must be given neither less than 30 nor more than 60 days prior to the redemption date, the release said.

AltaGas is a Calgary, Alta.-based energy company.

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