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AltaGas registers up to $2B of securities

AltaGas Ltd. on June 4 registered up to $2 billion of debt securities and preferred shares for potential sale during the 25-month period that the short-form base shelf prospectus remains effective.

The company plans to use proceeds for general corporate purposes, to repay debt and to fund capital expenditures. Pending such use, AltaGas may use invest proceeds in short-term, investment-grade securities.