PR Newswire
CALGARY, AB, Sept. 23, 2024 /CNW/ - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) has closed its previously announced US$900 million offering of 7.20 percent Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054 (the "Notes" or the "Offering"). After accounting for the impact of the cross-currency swap arrangement that AltaGas has executed, which converted the underlying proceeds and interest costs of the Notes into Canadian dollars, the Notes will have an effective annual interest rate of 6.90 percent over the initial ten-year period. The Notes are callable at the first reset date of October 15, 2034.
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