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BRIEF-Altagas Announces The Sale Of Non-Core Midstream And Power Assets

Published 2018-09-10, 07:56 a/m
© Reuters.  BRIEF-Altagas Announces The Sale Of Non-Core Midstream And Power Assets
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Sept 10 (Reuters) - AltaGas Ltd ALA.TO :

* ALTAGAS ANNOUNCES THE SALE OF NON-CORE MIDSTREAM AND POWER ASSETS

* DEAL FOR FOR TOTAL PROCEEDS OF APPROXIMATELY $560 MILLION

* DEAL FOR TOTAL PROCEEDS OF APPROXIMATELY $560 MILLION

* PROCEEDS FROM SALE OF ASSETS WILL BE USED TO REPAY SIGNIFICANT PORTION OF BRIDGE FACILITY RELATED TO ACQUISITION OF WGL HOLDINGS INC

* EXPECT TO HAVE FURTHER ANNOUNCEMENTS IN NEAR FUTURE ON ASSET MONETIZATIONS

* FUNDING STRATEGY FOR DEAL OF WGL HOLDINGS REMAINS FIRMLY ON TRACK TO REACH EXPECTED TOTAL TARGETED ASSET SALES OF AT LEAST $2 BILLION BY Q4 2018

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