AltaGas Ltd. Closes Aggregate $300 Million Medium Term Notes Offering
13 Gennaio 2014 - 3:28PM
Marketwired
AltaGas Ltd. Closes Aggregate $300 Million Medium Term Notes
Offering
CALGARY, ALBERTA--(Marketwired - Jan 13, 2014) - AltaGas Ltd.
("AltaGas") (TSX:ALA)(TSX:ALA.PR.A)(TSX:ALA.PR.U)(TSX:ALA.PR.E)
today announced that it has completed its aggregate $300 million
issue of senior unsecured medium term notes (collectively, the
"Offering"), specifically:
- $200 million medium term notes with a coupon rate of 4.40
percent, maturing on March 15, 2024; and
- $100 million medium term notes with a coupon rate of 5.16
percent, maturing on January 13, 2044.
The net proceeds
resulting from the Offering will be used by AltaGas to pay down
existing indebtedness and for general corporate purposes.
The Offering was
made through a syndicate of investment dealers co-led by CIBC World
Markets Inc. and National Bank Financial 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.
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
use of proceeds from the Offering, business objectives, expected
growth and business projects and opportunities. 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 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 except as
required by law. The forward-looking statements contained in this
news release are expressly qualified by this cautionary
statement.
AltaGas Ltd.Investment
Community1-877-691-7199investor.relations@altagas.caAltaGas
Ltd.Media(403) 269-5701media.relations@altagas.cawww.altagas.ca
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