AltaGas Ltd. Announces Aggregate $450 Million Medium-Term Note Offerings
CALGARY, ALBERTA--(Marketwired - Oct 2, 2017) - AltaGas Ltd. ("AltaGas") (TSX:ALA) today announced that it has agreed to issue
an aggregate $450 million of senior unsecured medium-term notes as follows (collectively, the "Offering"):
- $200 million medium-term notes with a coupon rate of 3.98 percent, maturing on October 4, 2027; and
- $250 million medium-term notes with a coupon rate of 4.99 percent, maturing on October 4, 2047.
The Offering is expected to close on or about October 4, 2017. The net proceeds resulting from the Offering will be used to
pay down existing indebtedness including, without limitation, indebtedness under AltaGas' credit facility and the repayment at
maturity of other outstanding debt obligations, and for general corporate purposes.
The Offering is being made through a syndicate of investment dealers co-led by CIBC Capital Markets and BMO Capital Markets
under AltaGas' Short Form Base Shelf Prospectus dated September 7, 2017 and Prospectus Supplement dated September 26, 2017.
AltaGas is an energy infrastructure company with a focus on natural gas, power and regulated utilities. AltaGas creates value
by acquiring, growing and optimizing its energy infrastructure, including a focus on clean energy sources. For more information
visit: www.altagas.ca
This news release contains forward-looking statements. When used in this news release, the words "may", "would", "could",
"will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they
relate to AltaGas or an affiliate of AltaGas, are intended to identify forward-looking statements. In particular, this news
release contains forward-looking statements with respect to, among other things, the Offering, the closing of the Offering and
the use of proceeds from the Offering. These statements involve known and unknown risks, uncertainties and other factors that may
cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements
reflect AltaGas' current views with respect to future events based on certain material factors and assumptions and are subject to
certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory
developments, general economic conditions and other factors set out in AltaGas' public disclosure documents. Many factors could
cause AltaGas' actual results, performance or achievements to vary from those described in this news release, including without
limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or
uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary
materially from those described in this news release as intended, planned, anticipated, believed, sought, proposed, estimated or
expected, and such forward-looking statements included in, or incorporated by reference in this news release, should not be
unduly relied upon. Such statements speak only as of the date of this news release. AltaGas does not intend, and does not assume
any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are
expressly qualified by this cautionary statement.