09:52 AM EDT, 09/05/2025 (MT Newswires) -- AltaGas ( ATGFF ) Friday closed its previously announced offering of $200 million of 5.375% Fixed-to-Fixed Rate Junior Subordinated Notes, Series 4 due Dec. 5, 2055.

Proceeds of the offering will be used to redeem or buy back its outstanding Cumulative Redeemable 5-Year Rate Reset Preferred Shares, Series A and Cumulative Redeemable Floating Rate Preferred Shares, Series B .

AltaGas ( ATGFF ) said it expects aggregate cash savings of about $30 million over the initial five-year term of the junior subordinated notes due to "lower taxes and financing charges relative to what the reset rate would have been on the Series A and Series B Preferred Share dividends."

Shares of the company were last seen up 0.1% at $41.31 on the Toronto Stock Exchange.

Price: 41.31, Change: +0.04, Percent Change: +0.10