RE:Something is cooking on '''financing'' site $ 2,5 B possibleAltaGas Ltd. ("AltaGas" or the "Corporation")
may from time to time offer and issue the following securities: (i) common shares in the capital of AltaGas ("Common Shares"); (ii) preferred shares in series in the capital of AltaGas ("Preferred Shares"); (iii) subscription receipts ("Subscription Receipts"); (iv) notes or other types of unsecured debt securities which may be issuable in series (collectively, "Debt Securities"); and (v) units comprising any combination of the foregoing ("Units" and, together with the Common Shares, the Preferred Shares, the Subscription Receipts and the Debt Securities, the "Securities"), or any combination thereof, up to an aggregate amount of $2,500,000,000 (or its equivalent in any other currency used to denominate the Securities) during the 25-month period that this short form base shelf prospectus (this "prospectus"), including any amendments hereto, remains effective.
They have to Issued a prospectus for any kind of financings,
Example:
3 notes offering in 2020 where they are saving $ 20 M/year for 5 years or so
-$ 500 M at 2,02 % Nov 25
-$ 200 M at 2,447% Nov 25
-$ 500 M at 2,157% June 10
They have bought back
-REDEEM ALL OUTSTANDING SERIES I PREFERRED SHARES
Surely some other kind of financing....to the AlA business
operations and the word ''may''mean a lot.
Read the prospectus an before saying :
«Swept one under the carpet, after the bell...is quite excessive saying »