Calgary, AB, January 5, 2022 / CNW /- AltaGas Ltd. (“AltaGas” or “Company”) (Toronto Stock Exchange:wing) Announced today that it has priced 5.25% of US$300 million fixed to fixed-rate subordinated notes, series 1 maturity January 11, 2082 (This”supply“).
This sale is expected to be January 11, 2022The company intends to use the net proceeds from this issuance to redeem or repurchase its issued cumulative redeemable five-year interest rate reset preferred stock K series (Toronto Stock Exchange:wing).
According to the prospectus of AltaGas dated as the short-term basic shelf, the subordinated notes were issued through a consortium of underwriters jointly led by CIBC Capital Markets, BMO Capital Markets and RBC Capital Markets February 22, 2021, With the date as a supplement to the prospectus January 5, 2022.
This press release does not constitute an offer to sell or solicit the purchase of subordinated notes in any jurisdiction. The subsidiary bill has not yet been approved or rejected by any regulatory agency. The subordinated notes have not been and will not be registered under the revised U.S. Securities Act of 1933 or any state securities laws, and may not…