AltaGas arranges $500-million note offering

Executive Summary

• AltaGas Ltd. has agreed to issue $500 million in senior unsecured medium-term notes with a coupon rate of 3.025%, maturing on November 10, 2027.
• The net proceeds from the offering will be utilized to repay existing indebtedness (including credit facilities), finance working capital, and for general corporate purposes.
• The offering is being managed by a syndicate of investment dealers co-led by TD Securities Inc. and National Bank Financial Inc.

Key Details

• Principal Amount: $500 million
• Instrument Type: Senior unsecured medium-term notes
• Coupon Rate: 3.025%
• Maturity Date: November 10, 2027
• Expected Closing Date: On or about November 10, 2025
• Use of Proceeds: Repayment of existing indebtedness (including credit facilities), working capital financing, and general corporate purposes
• Underwriters/Lead Managers: TD Securities Inc. and National Bank Financial Inc. (co-led)
• 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