AltaGas Completes Preferred Share Offering

AltaGas closed a bought deal public offering of an aggregate of 8 million Cumulative Redeemable Rate Reset Preferred Shares, Series E at a price of $25 per Series E preferred share for aggregate gross proceeds of $200 million.  The offering consisted of 6 million preferred shares for gross proceeds of approximately $150 million, together with an additional 2 million preferred shares for additional gross proceeds of approximately $50 million pursuant to the exercise by the underwriters of an option.

The syndicate of underwriters included TD Securities Inc. (co-lead), RBC Dominion Securities Inc. (co-lead), Scotia Capital Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., FirstEnergy Capital Corp., HSBC Securities (Canada) Inc., Macquarie Capital Markets Canada Ltd., Beacon Securities Limited and Peters
& Co. Limited.

AltaGas was represented by Keith Chatwin and Gianfranco Matrangolo (securities) of Stikeman Elliott LLP.

The dealer was represented by Ross Bentley, William Van Horne, Chris Prokop, Chris Salamon and Whit McCaskill of Blake, Cassels & Graydon LLP.


Chris Salamon Keith R. Chatwin William C. Van Horne Chris D. Prokop Ross Bentley