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AltaGas Ltd. Announces Closing of $405 Million Common Share Offering

AltaGas Ltd. (ALA.TO) has closed its previously announced public offering of 11,615,000 common shares at a price of $34.90 per common share for aggregate gross proceeds of approximately $405 million.

Net proceeds will be used, in part, to fund the acquisition of the Blythe Energy Centre, as well as for general corporate purposes and to support future growth initiatives, including those related to AltaGas' energy export business conducted through its AltaGas Idemitsu Joint Venture Limited Partnership.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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