AltaGas Ltd T.ALA

Alternate Symbol(s): ATGFF | T.ALA.PR.A | ATGPF | T.ALA.PR.B | T.ALA.PR.G | ATGAF

AltaGas Ltd. is a Canada-based energy infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. The Company’s segments include Utilities and Midstream. Its Utilities segment owns and operates franchised, rate-regulated natural gas distribution and storage utilities, which includes four utilities that operate across five United States jurisdictions. It Utilities segment also includes storage facilities and contracts for interstate natural gas transportation and storage services, as well as the affiliated retail energy marketing business. Its Midstream segment includes global exports, which includes its two LPG export terminals; natural gas gathering and extraction, and fractionation and liquids handling. Its Midstream segment also consists of natural gas and NGL marketing business, domestic logistics, trucking and rail terminals, and liquid storage capability. Its subsidiaries include Wrangler 1 LLC, WGL Holdings, Inc. and others.

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AltaGas Ltd

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Comment by Tinyhopeson Nov 06, 2014 9:49am

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Post# 23101388

RE:Notes

AltaGas Ltd. Announces C$300,000,000 Medium Term Note Offering
November 05, 2014
View News Release in PDF Format

CALGARY, ALBERTA--(Marketwired - Nov. 5, 2014) - AltaGas Ltd. ("AltaGas") (TSX:ALA) today announced that it has agreed to issue C$300,000,000 senior unsecured medium term notes (the "Offering"). The notes carry a coupon rate of 3.84% and mature on January 15, 2025.
The Offering is expected to close on or about November 10, 2014. The net proceeds from the sale of the notes will be used to fund the previously announced early redemption of the C$100,000,000 6.94% medium term notes due June 29, 2016, fund the proposed early redemption of the C$200,000,000 4.10% medium term notes due March 24, 2016 and for general corporate purposes.
The Offering is being made through a syndicate of investment dealers co-led by CIBC World Markets Inc. and BMO Capital Markets under AltaGas' Short Form Base Shelf Prospectus dated August 23, 2013 and Prospectus Supplement dated January 7, 2014.
AltaGas to redeem 4.10% medium term notes, Series 5, due March 24, 2016
AltaGas announced today that it will redeem the entire C$200,000,000 principal amount of its 4.10% medium term notes, Series 5, due March 24, 2016 (the "Notes") on December 8, 2014. Notice of redemption of the Notes will be delivered November 6, 2014 to CDS Clearing and Depository Services Inc. and the trustee, Computershare Trust Company of Canada.

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