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.)
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May 20, 2026 · 07:00