AltaGas completes $175-million (U.S.) note offerin
AltaGas Ltd
Symbol C : ALA
Shares Issued 115,892,041
Close 2013-04-11 C$ 35.37
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AltaGas completes $175-million (U.S.) note offering
2013-04-12 09:50 ET - News Release
An anonymous director reports
ALTAGAS LTD. CLOSES US$175 MILLION MEDIUM-TERM NOTE OFFERING
AltaGas Ltd. has completed its $175-million (U.S.) issue of senior unsecured medium-term notes. The notes carry a floating coupon of three-month London Interbank offered rate plus 0.79 per cent and mature on April 13, 2015.
The net proceeds resulting from the issuance of the notes will be used by AltaGas to reduce bank indebtedness and for general corporate purposes.
BMO Capital Markets acted as the sole agent for the offering, which was made under AltaGas's short-form base-shelf prospectus dated Dec. 7, 2011, and prospectus supplement dated April 9, 2012.