AltaGas Prices $750 Million in Senior Notes at 5.75% Interest
AltaGas Ltd. has priced an offering of $750 million in senior notes due in 2031 at a 5.75% interest rate. The offering, from its subsidiary U.S. AltaGas Services, is set to close on October 1.
Details of the Offering
On September 22, 2026, AltaGas Ltd. (ALA.TO, ATGFF) announced that its wholly owned subsidiary, U.S. AltaGas Services, has priced a $750 million offering of senior notes. These notes will bear an interest rate of 5.75% and are scheduled to mature in 2031.
Use of Proceeds
The net proceeds from this offering are intended for general corporate purposes, which may include:
- Repaying existing credit facility debt
- Redeeming or repurchasing certain outstanding medium-term notes
Guarantee and Ranking
The notes will be fully and unconditionally guaranteed by AltaGas Ltd. and will rank equally with its existing senior unsecured debt.
On the same day, AltaGas shares closed at CAD 53.32, a decrease of 0.56% on the Toronto Stock Exchange.