04:04 PM EDT, 07/09/2024 (MT Newswires) -- AltaGas ( ATGFF ) on Tuesday said it closed an additional offering of $250 million aggregate principal amount of its 5.597% Medium Term Notes, Series 29, due March 14, 2054 issued at a price of $96.379 plus accrued interest.

Including the additional Notes, there will be $500 million aggregate principal amount of Notes outstanding.

The net proceeds from the offering will be used to repay amounts drawn on the company's syndicated credit facility. The term loan was repaid in full on June 28, 2024.