Investors Midstream

Keyera Corp prices $350 million note offering

Keyera-Corp-prices-350-million-note-offering

This Tuesday, the integrated North American midstream business, Keyera Corp., announced it priced a Canadian offering of $350 million. Accordingly, the company will use the net proceeds to refinance indebtedness under its revolving credit facility. Furthermore, it will use it to fund its capital projects.

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Keyera on its $350 million hybrid note offering

Today, the integrated North American midstream business, Keyera Corp, announced it priced a Canadian offering of $350 million. Therefore, the company said it would use the net proceeds to refinance indebtedness under its revolving credit facility.

Accordingly, Keyera will use this offering to fund its capital projects, including its ownership interest in KAPS and other general corporate purposes.

Moreover, the offering is expected to close on March 10, 2021. In fact, all approvals are in place. Besides, the company is proceeding with the construction of the KAPS pipeline project.

Indeed, the offering of $350 million is a 5.95% fixed-to-fixed rate with subordinated notes due March 10, 2081.

Furthermore, the syndicate co-led by CIBC World Markets Inc. and RBC Dominion Securities Inc. offered the notes through underwriting. Also, with Keyera’s Short Form Base Shelf Prospectus dated November 15, 2019, as supplemented by a Prospectus Supplement dated March 8, 2021.

About Keyera Corp.

Keyera Corp. operates an integrated North American midstream business with extensive interconnected assets. Besides, it has a depth of expertise in delivering midstream energy solutions.

Its predominantly fee-for-service-based business consists of natural gas gathering and processing. Also, of natural gas liquids processing, transportation, storage, and marketing. And of iso-octane production and sales.

Moreover, the company has an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Accordingly, Keyera strives to provide high-quality, value-added services to its customers across North America.

Besides, it is committed to conducting its business ethically, safely, and in an environmentally and financially responsible manner.

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