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Keyera Announces Closing of $230 Million Bought Deal Equity Offering and Exercise of Over-Allotment Option
Keyera Announces Closing of $230 Million Bought Deal Equity Offering and Exercise of Over-Allotme...
About this update from Keyera Corp.
[{"type":"text","content":"\n \n \n \n Keyera Announces Closing of $230 Million Bought Deal Equity Offering and Exercise of Over-Allotment Option\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Dec. 20, 2022\n \n \n /CNW/ - Keyera Corp. (TSX: KEY) (\"Keyera\" or the \"Corporation\") today announced that it has completed its previously announced bought deal public offering (the \"Offering\") of common shares of the Company (the \"Common Shares\").\n \n \n The Offering was announced on\n \n December 14, 2022\n \n when Keyera entered into an agreement with RBC Dominion Securities Inc., acting on behalf of a syndicate of underwriters (collectively, the \"Underwriters\"). Under the Offering, Keyera issued an aggregate of 8,130,500 Common Shares, including 1,060,500 Common Shares as a result of the exercise in full by the Underwriters of their over-allotment option. The Common Shares were issued at an offering price of\n \n $28.30\n \n per Common Share for total gross proceeds to the Company of\n \n $230,093,150\n \n .\n \n \n Keyera intends to use the proceeds from this Offering, directly or indirectly, together with other financing sources and cash on hand, to fund its previously announced acquisition of an additional 21% working interest in the Keyera Fort Saskatchewan (\"KFS\") complex from Plains Midstream Canada.\n \n \n No securities regulatory authority has either approved or disapproved the contents of this press release. The Common Shares have not been, and will not be, registered under the U.S. Securities Act of 1933 (the \"U.S. Securities Act\"), or any state securities laws. Accordingly, the Common Shares may not be offered or sold within\n \n the United States\n \n unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securi...