AltaLink, L.P.

AltaLink, L.P.

October 30, 2013 17:40 ET

AltaLink, L.P. to Issue $500 Million in Medium-Term Notes

CALGARY, ALBERTA--(Marketwired - Oct. 30, 2013) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW

AltaLink, L.P. (AltaLink) is committed to providing value for Albertans through the delivery of reliable, cost effective electricity through its transmission system.

AltaLink has agreed to issue $500 million principal amount of 3.668% Series 2013-4 Medium-Term Notes due November 6, 2023 in an agency transaction with a syndicate led by Scotia Capital Inc., RBC Dominion Securities Inc. and BMO Nesbitt Burns Inc. Each syndicate also includes National Bank Financial Inc., TD Securities Inc., and Casgrain & Company Limited. Distribution of the Medium-Term Notes is scheduled to close on November 4, 2013.

The Medium-Term Notes are secured by a first floating charge security interest in the present and future property and assets of AltaLink. The Medium-Term Notes rank pari passu with all senior, secured indebtedness and have priority over all present and future unsecured indebtedness and all subordinated indebtedness. The net proceeds of the offering will be used to repay outstanding short-term debt and fund the growth and expansion of its electric transmission network in Alberta.

Complete details of the offering are set out in AltaLink's shelf prospectus as supplemented by pricing supplements, which will be available on the SEDAR website for AltaLink at www.sedar.com.

This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of, the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities of AltaLink described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws and may not be offered or sold in the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom.

Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "intends", "projects", "plans", "anticipates" and similar expressions, are forward looking information that represents management of AltaLink's Internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of AltaLink. The projections, estimates and beliefs contained in such forward looking statements necessarily involve known and unknown risks and uncertainties, which may cause AltaLink's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward looking statements. These risks and uncertainties include, among other things, those described in AltaLink's filings with the Canadian securities authorities. Accordingly, holders of AltaLink securities and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. AltaLink disclaims any responsibility to update these forward looking statements.

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