AltaGas Completes Debt Offerings-February 2024-www.financetom.com

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AltaGas Completes Debt Offerings

Mar 14, 2024 10:23 AM

12:50 PM EDT, 03/14/2024 (MT Newswires) -- AltaGas Ltd. ( ATGFF ) said Thursday that it has completed $600 million medium-term note offerings.

The offering comprises $350 million of senior unsecured medium-term notes with a coupon rate of 5.141%, maturing on March 14, 2034, and $250 million of senior unsecured medium-term notes with a coupon rate of 5.597%, maturing on March 14, 2054.

The company plans to use the proceeds to refinance the company's March 2024 medium-term note maturities, to pay down other existing debt, to fund working capital, and for general corporate purposes.

Price: 29.01, Change: +0.06, Percent Change: +0.20

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