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AltaGas plans to redeem series E preferred shares via new hybrid debt
By Marisa Wong
Los Angeles, Nov. 7 – AltaGas Ltd. announced it intends to redeem or repurchase its outstanding cumulative redeemable five-year rate reset preferred shares, series E, using proceeds from an offering of hybrid subordinated debt securities (BB/BB+).
The energy infrastructure company is based in Calgary, Alta.
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