AltaGas (TSE:ALA) has released an update.
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AltaGas Ltd. has announced the pricing of a US$900 million hybrid subordinated note offering with a 7.20 percent interest rate, due in 2054, and expected to enhance the company’s financial health through improved credit metrics. In addition, the company reported conversions between its Series G and H preferred shares, leading to the automatic conversion of remaining Series H shares to Series G, with a planned delisting of Series H shares from the Toronto Stock Exchange.
For further insights into TSE:ALA stock, check out TipRanks’ Stock Analysis page.
