AltaGas Ltd.

AltaGas Ltd.

April 13, 2012 09:07 ET

AltaGas Ltd. Closes $200 Million Medium-Term Note Offering

CALGARY, ALBERTA--(Marketwire - April 13, 2012) -

AltaGas Ltd. (AltaGas) (TSX:ALA) (TSX:ALA.PR.A) (TSX:ALA.R) today announced that it has completed its $200 million issue of senior unsecured medium-term notes (the Offering). The notes carry a coupon rate of 4.07 percent and mature on June 1, 2020.

The net proceeds resulting from the issuance of the notes will be used by AltaGas to reduce outstanding indebtedness and for general corporate purposes. The unsecured medium-term notes are rated BBB by both Standard & Poor's Rating Services and DBRS Limited.

The offering is being made through a syndicate of investment dealers co-led by BMO Capital Markets and National Bank Financial Inc. under AltaGas' Short Form Base Shelf Prospectus dated December 7, 2011 and Prospectus Supplement dated April 9, 2012.

AltaGas is an energy infrastructure business with a focus on natural gas, power and regulated utilities. AltaGas creates value by acquiring, growing and optimizing its energy infrastructure, including a focus on renewable energy sources.

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