Northwire Canada EditionThursday, July 23, 2026
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Financings

ALTAGAS ANNOUNCES $500 MILLION MEDIUM TERM NOTE OFFERING

ALA · Price

Executive Summary

  • AltaGas Ltd. announced a $500 million senior unsecured medium‑term note offering with a 3.025% coupon, maturing November 10 2027.
  • The notes will be issued under the company’s Short Form Base Shelf Prospectus (dated March 12 2025) and are being sold by a syndicate led by TD Securities Inc. and National Bank Financial Inc.
  • Net proceeds are earmarked to repay existing indebtedness, fund working capital and for general corporate purposes.

Key Details

  • Offering Size: $500 million (CAD).
  • Instrument: Senior unsecured medium‑term notes.
  • Coupon Rate: 3.025% per annum.
  • Maturity Date: November 10 2027.
  • Expected Closing: On or about November 10 2025.
  • Prospectus Basis: Short Form Base Shelf Prospectus dated March 12 2025, with a prospectus supplement and pricing supplement dated November 6 2025.
  • Syndicate Lead Managers: TD Securities Inc.; National Bank Financial Inc., along with other investment dealers.
  • Use of Proceeds:
  • Repayment of existing indebtedness, including credit facility borrowings.
  • Working‑capital requirements.
  • General corporate purposes.

Notable Quotes

(No executive quotes were included in the release.)

Read the original news release →

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