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Keyera Corp. Announces $600 Million Hybrid Note Offering
Keyera Corp. Announces $600 Million Hybrid Note Offering Canada NewsWire CALGARY...
About this update from Keyera Corp.
[{"type":"text","content":"\n\n\n\nKeyera Corp. Announces $600 Million Hybrid Note Offering\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\nCanada NewsWire\nCALGARY, June 11, 2019\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWS./\n CALGARY, June 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.\nThe 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. \nThe 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.\nThis 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.\nAbout Keyera\nKeyera 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 conductin...