07:22 AM EDT, 09/04/2025 (MT Newswires) -- AltaGas ( ATGFF ) said late Wednesday it priced a C$200 million offering of 5.375% fixed-to-fixed rate junior subordinated notes, Series 4, due Dec. 5, 2055.

The company said proceeds from the deal, expected to close on or around Sept. 5, will be used to redeem or repurchase its outstanding cumulative redeemable five-year rate reset preferred shares, Series A , and cumulative redeemable floating rate preferred shares, Series B .

AltaGas ( ATGFF ) said the junior subordinated notes are being offered through a syndicate of underwriters under its short-form base shelf prospectus dated March 12, as supplemented by a prospectus supplement dated Sept. 3.

Shares of AltaGas ( ATGFF ) closed at $41.10 on the Toronto Stock Exchange Wednesday, down 1.7%.