An anonymous director reports
ALTAGAS LTD. CLOSES US$175 MILLION MEDIUM-TERM NOTE OFFERING
AltaGas Ltd. has completed its $175-million (U.S.) issue of senior unsecured medium-term notes. The notes carry a floating coupon of three-month London Interbank offered rate plus 0.79 per cent and mature on April 13, 2015.
The net proceeds resulting from the issuance of the notes will be used by AltaGas to reduce bank indebtedness and for general corporate purposes.
BMO Capital Markets acted as the sole agent for the offering, which was made under AltaGas's short-form base-shelf prospectus dated Dec. 7, 2011, and prospectus supplement dated April 9, 2012.
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