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Keyera Corp. Announces $600 Million Hybrid Note Offering


CALGARYJune 11, 2019 /CNW/ – Keyera Corp. (TSX:KEY) (“Keyera”) announced today that it has priced a Canadian offering of $600 million of 6.875% fixed-to-floating rate subordinated notes due June 13, 2079.The offering is expected to close on June 13, 2019 and the net proceeds will be used to fund Keyera’s ongoing capital program, repay indebtedness under Keyera’s revolving credit facility, and for general corporate purposes.

The notes are being offered through an underwriting syndicate co-led by CIBC Capital Markets and RBC Capital Markets under Keyera’s Short Form Base Shelf Prospectus dated September 8, 2017, as supplemented by a Prospectus Supplement to be dated June 11, 2019.

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

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.



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