AltaGas Ltd. Announces US$200 Million Medium-Term Note Offering
20 March 2014 - 12:26PM
Marketwired
AltaGas Ltd. Announces US$200 Million Medium-Term Note Offering
CALGARY, ALBERTA--(Marketwired - Mar 19, 2014) - AltaGas Ltd.
("AltaGas") (TSX:ALA)(TSX:ALA.PR.A)(TSX:ALA.PR.U)(TSX:ALA.PR.E)
today announced that it has agreed to issue US$200 million senior
unsecured medium-term notes ("the Offering"). The notes carry a
floating rate coupon of three month LIBOR plus 0.72% and mature on
March 24, 2016.
The net proceeds resulting from the issuance of the Offering
will be used to reduce bank indebtedness and for general corporate
purposes.
The Offering is being made through a syndicate of investment
dealers co-led by BMO Capital Markets as sole bookrunner and
Scotiabank 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 closing of the Offering, the use of proceeds of
the Offering, the maintenance of its investment grade rating,
business objectives, expected growth, results of operations,
business projects and opportunities and financial results. 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.
Investment
Community1-877-691-7199investor.relations@altagas.caMedia(403)
269-5701media.relations@altagas.ca
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