400 million common share offering, issue price $30
AltaGas Ltd. ("AltaGas") (TSX:ALA) announced today that it has entered into an agreement with a syndicate of underwriters co-led by TD Securities Inc., RBC Capital Markets and BMO Capital Markets to issue 13,350,000 common shares (the "Common Shares"), on a bought deal basis, at an issue price of $30.00 per Common Share (the "Offering Price"), for total gross proceeds of approximately $400 million (the "Offering"). The net proceeds resulting from the Offering will be used to partially fund AltaGas' capital growth program, reduce bank indebtedness and for general corporate purposes.