AltaGas Ltd. Announces US$200 Million Medium-Term Note Offering

AltaGas Ltd. Announces US$200 Million Medium-Term Note Offering 
CALGARY, ALBERTA -- (Marketwired) -- 03/19/14 -- AltaGas Ltd.
announced that it has agreed to issue US$200 million senior unsecured
medium-term notes ("the Offering"). The notes carry a floating rate
coupon of three month LIBOR plus 0.72% and mature on March 24, 2016. 
The net proceeds resulting from the issuance of the Offering will be
used to reduce bank indebtedness and for general corporate purposes. 
The Offering is being made through a syndicate of investment dealers
co-led by BMO Capital Markets as sole bookrunner and Scotiabank under
AltaGas' Short Form Base Shelf Prospectus dated August 23, 2013 and
Prospectus Supplement dated January 7, 2014. 
AltaGas is an energy infrastructure business with a focus on natural
gas, power and regulated utilities. AltaGas creates value by
acquiring, growing and optimizing its energy infrastructure,
including a focus on clean energy sources. For more information
This news release contains forward-looking statements. When used in
this news release, the words "may", "would", "could", "will",
"intend", "plan", "anticipate", "believe", "seek", "propose",
"estimate", "expect", and similar expressions, as they relate to
AltaGas or an affiliate of AltaGas, are intended to identify
forward-looking statements. In particular, this news release contains
forward-looking statements with respect to, among other things, the
closing of the Offering, the use of proceeds of the Offering, the
maintenance of its investment grade rating, business objectives,
expected growth, results of operations, business projects and
opportunities and financial results. These statements involve known
and unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those anticipated
in such forward-looking statements. Such statements reflect AltaGas'
current views with respect to future events based on certain material
factors and assumptions and are subject to certain risks and
uncertainties, including without limitation, changes in market,
competition, governmental or regulatory developments, general
economic condit
ions and other factors set out in AltaGas' public
disclosure documents. Many factors could cause AltaGas' actual
results, performance or achievements to vary from those described in
this news release, including without limitation those listed above.
These factors should not be construed as exhaustive. Should one or
more of these risks or uncertainties materialize, or should
assumptions underlying forward-looking statements prove incorrect,
actual results may vary materially from those described in this news
release as intended, planned, anticipated, believed, sought,
proposed, estimated or expected, and such forward-looking statements
included in, or incorporated by reference in this news release,
should not be unduly relied upon. Such statements speak only as of
the date of this news release. AltaGas does not intend, and does not
assume any obligation, to update these forward-looking statements.
The forward-looking statements contained in this news release are
expressly qualified by this cautionary statement.
Investment Community
(403) 269-5701
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