/NOT FOR DISSEMINATION IN THE
UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY
CONSTITUTE A VIOLATION OF UNITED
STATES SECURITIES LAWS./
CALGARY,
AB, Jan. 4, 2024 /CNW/ - Keyera Corp. (TSX:
KEY) ("Keyera") announced today that it has closed its previously
announced offering of $250 million of
30 year senior unsecured medium term notes (the "Notes"). The Notes
have a fixed coupon of 5.663% per annum, paid semi-annually, and a
maturity date of January 4, 2054.
The offering of the Notes (the "Offering") was announced on
January 2, 2024 and the net
proceeds will be used to refinance short term indebtedness under
Keyera's credit facility and for general corporate purposes.
The Notes were offered through a syndicate of dealers co-led by
CIBC Capital Markets and RBC Capital Markets under Keyera's Short
Form Base Shelf Prospectus dated December
12, 2023, as supplemented by a Prospectus Supplement dated
December 14, 2023, and a Pricing
Supplement dated Jan 2, 2024.
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 (the "U.S. Securities Act"), or any state securities laws,
and may not be offered or sold within the
United States unless an exemption from the registration
requirements of the U.S. Securities Act is available.
About Keyera Corp.
Keyera Corp. (TSX:KEY) operates an integrated Canadian-based
energy infrastructure business with extensive interconnected assets
and depth of expertise in delivering 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 also 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 and/or management
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.sedarplus.ca. 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
Rahul Pandey, Senior Advisor,
Investor Relations
Email: ir@keyera.com
Telephone: 403.205.7670
Toll free: 888.699.4853
SOURCE Keyera Corp.