Keyera Corp. (TSX:KEY) (“Keyera”) announced today that it has closed its previously announced offering of $400 million of senior unsecured medium term notes (the “Offering”). The Offering was conducted in a single tranche consisting of $400 million senior unsecured medium term notes having a fixed coupon of 3.934% per annum, paid semi-annually, and maturing on June 21, 2028 (the “Notes”).
The Offering was announced on June 19, 2018. The Notes were offered through a syndicate of dealers under Keyera’s Short Form Base Shelf Prospectus dated September 8, 2017, as supplemented by a Prospectus Supplement dated June 3, 2018, and a Pricing Supplement dated June 19, 2018.
The net proceeds will be used to repay short term indebtedness under Keyera’s credit facility (incurred to fund Keyera’s growth program and for general corporate purposes) and for general corporate purposes including funding capital and operating expenditures, acquisitions and future growth opportunities.
About Keyera
Keyera Corp. (TSX:KEY) operates an integrated Canadian-based midstream business with extensive interconnected assets and depth of expertise in delivering midstream energy solutions. Its predominantly fee-for-service based business consists of natural gas gathering and processing; natural gas liquids processing, transportation, storage and marketing; iso-octane production and sales; and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.
