Medium Term Notes blog update is courtesy of Reuters. AltaGas, a gas, power and utility business focusing in clean energy and serving the United States and Canada, has completed $125 million issue of medium term notes.
AltaGas Ltd. (“AltaGas”) (ALA) today announced that it has completed its US$125 million issue of senior unsecured medium-term notes (the “Offering”). The notes carry a floating rate coupon of three month LIBOR plus 0.85 percent and mature on April 17, 2017.
The net proceeds resulting from the Offering will be used to pay down existing indebtedness and for general corporate purposes.
The Offering was made through a syndicate of investment dealers co-led by BMO Capital Markets as sole bookrunner and TD Securities Inc. under AltaGas’ Short Form Base Shelf Prospectus dated August 23, 2013 and Prospectus Supplement dated January 7, 2014.
AltaGas is an energy infrastructure business 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