ALTAGAS CLOSES $500 MILLION MEDIUM TERM NOTE OFFERING

Executive Summary

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

Key Details

• Offering Size: $500 million CAD senior unsecured medium‑term notes.
• Coupon Rate: 3.025% per annum.
• Maturity Date: November 10, 2027.
• Use of Proceeds:
• Repayment of existing indebtedness, including amounts under current credit facilities.
• Working capital needs.
• General corporate purposes.
• Issuance Documents:
• Short Form Base Shelf Prospectus dated March 12 2025.
• Prospectus Supplement and Pricing Supplement dated November 6 2025.
• Syndicate Lead Managers: TD Securities Inc. and National Bank Financial Inc., with additional investment dealers participating.
• Currency: All amounts expressed in Canadian dollars.

Notable Quotes

(No executive quotes were provided in the release.)