Calgary-based AltaGas Ltd. (Toronto: ALA.TO) has announced that it has completed its $300 million issue of senior unsecured medium-term notes. The notes carry a coupon rate of 4.5% and mature on August 15, 2044, according to a release..
The net proceeds resulting from the offering will be used to reduce bank indebtedness and for general corporate purposes.
The offering was made through a syndicate of investment dealers co-led by National Bank Financial Inc. and CIBC World Markets Inc. under AltaGas' Short Form Base Shelf Prospectus dated August 23, 2013 and Prospectus Supplement dated January 7, 2014.
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