AltaGas Ltd. has completed its US$175 million issue of senior unsecured medium-term notes ("the Offering"). The notes carry a floating coupon of three month LIBOR plus 0.79% 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' Short Form Base Shelf Prospectus dated December 7, 2011 and Prospectus Supplement dated April 9, 2012.

Tags: AltaGas Ltd.