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AltaGas Ltd. closes $200 million preferred share offering


Published Nov 24, 2015
AltaGas Ltd.-3

AltaGas Ltd. has closed its previously announced public offering of 8,000,000 Cumulative Redeemable 5-Year Minimum Rate Reset Preferred Shares, Series I (the "Series I Preferred Shares"), at a price of $25.00 per Series I Preferred Share (the Offering) for aggregate gross proceeds of $200 million.

The Offering was first announced on November 12, 2015 when AltaGas entered into an agreement with a syndicate of underwriters co-led by RBC Capital Markets, BMO Capital Markets and Scotiabank.

Net proceeds will be used to reduce outstanding indebtedness and for general corporate purposes.

Tags: AltaGas Ltd.




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