AltaGas closes $500-million note offering

Executive Summary

• AltaGas Ltd. has successfully closed a $500 million issuance of senior unsecured medium-term notes.
• The notes carry a coupon rate of 3.025% and are scheduled to mature on November 10, 2027.
• Proceeds will be utilized to repay existing indebtedness (including credit facilities), finance working capital, and for general corporate purposes.

Key Details

• Total Amount: $500 million
• Instrument Type: Senior unsecured medium-term notes
• Coupon Rate: 3.025%
• Maturity Date: November 10, 2027
• Use of Proceeds: Repayment of existing indebtedness (including credit facilities), working capital financing, and general corporate purposes.
• Underwriters: Syndicate of investment dealers co-led by TD Securities Inc. and National Bank Financial Inc.
• Regulatory Framework: Issued under AltaGas's short form base shelf prospectus dated March 12, 2025, along with prospectus and pricing supplements dated November 6, 2025.