ALTAGAS ANNOUNCES $500 MILLION MEDIUM TERM NOTE OFFERING

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.)