AltaGas Ltd. Closes $300 Million Medium-Term Note Offering
11 Juni 2013 - 3:18PM
Marketwired
AltaGas Ltd. ("AltaGas") (TSX:ALA)(TSX:ALA.PR.A)(TSX:ALA.PR.U)
today announced that it has completed its $300 million issue 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 was 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 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: Investment Community AltaGas Ltd.
1-877-691-7199investor.relations@altagas.ca Media AltaGas Ltd.
(403) 691-9873media.relations@altagas.ca www.altagas.ca
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