By Adriano Marchese
AltaGas Ltd. said Thursday that has priced an bond offering of 250 million Canadian dollars, the equivalent of US$194.7 million.
The Calgary, Alberta-based energy infrastructure company said that the offer will be for 7.35% fixed-to-fixed rate subordinate notes, series 2.
With the new money, the company said it intends to redeem or repurchase its outstanding cumulative redeemable series C five-year rate reset preferred shares.
It will be offered through a syndicate of underwriters and that it expects the offering to close on or around Aug. 17.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
08-04-22 0916ET