AltaGas Establishes Medium-Term Note Program and Completes Medium-Term Note Offering

On November 22, 2010, AltaGas Ltd. established an $800 million Medium Term Note Program. On November 26, 2010, AltaGas completed the first issue under this program of $175 million of 4.60 per cent senior unsecured Medium-Term Notes due January 15, 2018. This new offering is in addition to the $600 million aggregate principal amount of Medium-Term Notes previously issued pursuant to AltaGas's earlier shelf program.

AltaGas was represented in-house by Michael Halpen, Associate General Counsel and by Keith Chatwin and Kelly Fluker (securities) and David Weekes (tax) of Stikeman Elliott LLP.

Ross Bentley, Jacquie Moore, Colin Ritchie and Alison Desipio (securities) and Ted Thiessen (tax) of Blake, Cassels & Graydon LLP represented a syndicate of dealers co-led by National Bank Financial Inc. and Scotia Capital Inc. and including BMO Nesbitt Burns Inc., CIBC World Markets Inc., HSBC Securities (Canada) Inc., RBC Dominion Securities Inc. and TD Securities Inc.


Michael C. Halpen Ross Bentley Keith R. Chatwin Alison Desipio Kelly Allison Galloway Jacqueline S. Moore Colin Ritchie Ted Thiessen David G. Weekes