AltaGas Completes Public Offering Of 4.99% Notes, Due 2047 For US$200.3 Million

Published: Oct 02 2017
Deal Summary

AltaGas Ltd, an energy infrastructure company, completed the public offering of 4.99% senior unsecured medium term notes, due October 4, 2047, for gross proceeds of C$250 million (MM) (US$200.34 MM).

CIBC Capital Markets and BMO Capital Markets acted as financial advisors to the company for the offering.

The company intends to use the net proceeds from the offering to pay down the existing indebtedness under its credit facility; to repay other outstanding debt obligations, and for general corporate purposes.

Deal history

Completed: On October 4, 2017, AltaGas completed the public offering of 4.99% senior unsecured medium term notes, due October 4, 2047, for gross proceeds of C$250 MM (US$200.34 MM).

Announced: On October 2, 2017, AltaGas agreed to issue 4.99% senior unsecured medium term notes in a public offering, due October 4, 2047, for gross proceeds of C$250 MM (US$200.34 MM).

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