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

AltaGas Ltd. Closes US$200 Million Medium-Term Note Offering 
CALGARY, ALBERTA -- (Marketwired) -- 03/24/14 -- AltaGas Ltd.
announced that it has completed its US$200 million issue of 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 Offering will be used to reduce
bank indebtedness and for general corporate purposes. 
The Offering was 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 visit 
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
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 conditions
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.
AltaGas Ltd.
Investment Community
AltaGas Ltd.
(403) 269-5701
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