Keyera Corp. Announces Closing of $350 Million Hybrid Note Offering

About this update from Keyera Corp.

[{"type":"text","content":"\n \n \n \n Keyera Corp. Announces Closing of $350 Million Hybrid Note Offering\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n . FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF\n \n UNITED STATES\n \n SECURITIES LAWS./\n \n \n \n \n CALGARY, AB\n \n ,\n \n March 10, 2021\n \n /CNW/ - Keyera Corp. (TSX: KEY) (\"Keyera\") announced today that it has closed its previously announced Canadian offering of\n \n $350 million\n \n of 5.95% fixed-to-fixed rate subordinated notes due\n \n March 10, 2081\n \n .\n \n \n \n \n \n \n \n \n \n The offering was announced on\n \n March 8\n \n , 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\n \n November 15, 2019\n \n , as supplemented by a Prospectus Supplement dated\n \n March 8, 2021\n \n .\n \n \n 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.\n \n \n 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\n \n the United States\n \n or to, or for the account or benefit of, U.S. persons.\n \n \n \n About Keyera Corp.\n \n \n \n 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 natur...

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