AltaGas Ltd. Announces $300 Million Medium-Term Note Offering
07 Juni 2013 - 1:03AM
Marketwired
AltaGas Ltd. ("AltaGas") (TSX:ALA) (TSX:ALA.PR.A) (TSX:ALA.PR.U)
today announced that it has agreed to issue $300 million of senior
unsecured medium-term notes ("the Offering"). The notes carry a
coupon rate of 3.57 percent and mature on June 12, 2023.
The net proceeds resulting from the Offering will be used by
AltaGas to reduce indebtedness and for general corporate
purposes.
The Offering is being made through a syndicate of investment
dealers co-led by CIBC World Markets Inc. and RBC Capital Markets
under AltaGas' Short Form Base Shelf Prospectus dated December 7,
2011 and Prospectus Supplement dated April 9, 2012.
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 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 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.
Contacts: AltaGas Ltd. - Investment Community
1-877-691-7199investor.relations@altagas.ca AltaGas Ltd. - Media
(403) 691-9873media.relations@altagas.ca www.altagas.ca
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