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AltaGas registers $2B of debt securities, preferred shares

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AltaGas registers $2B of debt securities, preferred shares

AltaGas Ltd. on Jan. 14 registered $2 billion in debt securities and preferred shares that it may offer from time to time, during the next 25 months.

The exact price, interest rates and maturities will be determined at the time of offering.

Unless specified otherwise, net proceeds will be used for general corporate purposes. The company may also invest proceeds it does not immediately use in short-term investment grade securities, according to a preliminary short form base shelf prospectus.