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 infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. Its segments include Utilities and Midstream. Utilities owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities, which includes two utilities that operate across four United States jurisdictions. The Utilities business also includes other storage facilities and contracts for interstate natural gas transportation and storage services, as well as WGL Energy Services, Inc., which sells natural gas and electricity. Midstream is a North American platform that connects customers and markets from wellhead to tidewater. The three pillars of the Midstream business include global exports, which includes its two operational Liquified Petroleum Gas (LPG) export terminals and one prospective development terminal; natural gas gathering, processing and extraction, and fractionation and liquids handling.

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AltaGas Ltd

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Comment by namechangeneedeon Oct 02, 2018 12:50am

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Post# 28726858

RE:RE:RE:RE:RE:RE:RE:RE:RE:Prospectus has been updated on SEDAR

I guess we will find out tomorrow if its percieved as good or bad...

4phuqsakes wrote: Ahhh - ACI also has to pay the “Company Existing Note” of $157 million on close (along with the Short Term Note). Confusing text in the document IMO

4phuqsakes wrote: Wait a minute? How does that formula add up to 940 million ? Am I losing it?

[quote

From Page 63 of the Long form... I believe this sums up the proceeds to ALA

"The purchase price for the transfer of the noted securities, interests, contracts and indebtedness will be approximately $940.8 million, which will be satisfied by the Company by issuing to AltaGas: (a) 5,912,857 Common Shares at a deemed price per Common Share of $ , being the Offering Price; (b) the Purchase Price Short-Term Note in the amount of approximately $351.4 million, which will be repaid by the Company on Closing; (c) the Over-Allotment Note in the amount of approximately $41.5 million; and (d) the Purchase Price Long-Term Note in the amount of $351.2 million."