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Financings

AltaGas arranges $500-million note offering

By The Northwire Desk — AI Analysis Nov 06, 2025 · 20:06 ALA · 41.19 AltaGas Ltd
ALA · Price

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
Read the original news release →

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