/NOT FOR DISSEMINATION IN THE
UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY
CONSTITUTE A VIOLATION OF UNITED
STATES SECURITIES LAWS./
CALGARY, AB, March 10, 2021 /CNW/ - Keyera Corp. (TSX: KEY)
("Keyera") announced today that it has closed its previously
announced Canadian offering of $350
million of 5.95% fixed-to-fixed rate subordinated notes due
March 10, 2081.
The offering was announced on March
8, 2021. The notes were offered through an
underwriting syndicate co-led by CIBC Capital Markets and RBC
Dominion Securities Inc. under Keyera's Short Form Base Shelf
Prospectus dated November 15, 2019,
as supplemented by a Prospectus Supplement dated March 8, 2021.
The net proceeds will be used to refinance indebtedness under
Keyera's revolving credit facility, to fund its capital projects,
including its ownership interest in KAPS, and for other general
corporate purposes. All approvals are in place and the company is
proceeding with the construction of the KAPS pipeline project.
This news release does not constitute an offer to sell or the
solicitation of an offer to buy the notes in any jurisdiction. The
notes being offered have not been approved or disapproved by any
regulatory authority. The notes have not been and will not be
registered under the United States Securities Act of 1933, as
amended, or any state securities laws, and may not be offered or
sold within the United States or
to, or for the account or benefit of, U.S. persons.
About Keyera Corp.
Keyera Corp. (TSX:KEY) operates an integrated North American
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.
Disclaimer
This news release contains forward-looking information
pertaining to the use of proceeds from the offering. The
forward-looking information herein are subject to risks, including
risks associated with capital and debt markets, and other risks as
set forth in the base shelf prospectus and prospectus supplement
referenced above, including the documents incorporated by reference
therein. There is no guarantee as to when the proceeds from the
offering will be used and it is possible the use of proceeds could
be changed should Keyera's board of directors determine that it
would be in the best interests of Keyera. For additional
information on these and other factors, see Keyera's public filings
on www.sedar.com. The forward-looking information in this news
release are made as of the date hereof, and except as required by
applicable securities law, Keyera undertakes no obligation to
update publicly or revise such documents, whether as a result of
new information, future events, or otherwise.
Additional Information
For more information about Keyera Corp., please visit our website
at www.keyera.com or contact:
Dan Cuthbertson, Director,
Investor Relations
Calvin Locke, Manager, Investor
Relations
Beata Graham, Senior Analyst,
Investor Relations
Email: ir@keyera.com
Telephone:
403.205.7670
Toll free: 888.699.4853
SOURCE Keyera Corp.