Keyera Corp. Publicizes Closing of $ 350 Million Hybrid Be aware Providing
/ NOT FOR DISTRIBUTION IN UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWS. /
CALGARY, AB, March 10, 2021 / CNW / – Keyera Corp. (TSX: KEY) (“Keyera”) at this time introduced the closing of its Canadian providing of $ 350 million from 5.95% of fastened fee subordinated bonds to fastened maturity March 10, 2081.
The provide was introduced on 8 March2021. The Notes had been provided via a underwriting syndicate co-led by CIBC Capital Markets and RBC Dominion Securities Inc. pursuant to Keyera’s quick type base shelf prospectus dated November 15, 2019, as accomplished by a prospectus complement dated March 8, 2021.
The online proceeds will probably be used to refinance Keyera’s revolving credit score facility debt, to fund its capital initiatives, together with its curiosity in KAPS, and for different basic company functions. All approvals are in place and the corporate is continuing with building of the KAPS pipeline challenge.
This press launch doesn’t represent a proposal to promote or the solicitation of a proposal to purchase the Notes in any jurisdiction. The Notes provided haven’t been accredited or disapproved by any regulatory authority. The Notes haven’t been and won’t be registered underneath america Securities Act of 1933, as amended, or any state securities regulation, and will not be provided or offered within the United States or to, or on behalf of or for the advantage of, American individuals.
About Keyera Corp.
Keyera Corp. (TSX: KEY) operates an built-in North American mid-market enterprise with in depth interconnected belongings and deep experience in offering mid-level vitality options. Its basically fee-for-service exercise consists of accumulating and processing pure fuel; processing, transport, storage and advertising and marketing of pure fuel liquids; manufacturing and sale of iso-octane; and a state-of-the-art condensate system within the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to offer top quality, value-added providers to its prospects North America and is dedicated to conducting its enterprise in an moral, protected, and environmentally and financially accountable method.
This press launch comprises forward-looking info referring to the usage of the proceeds of the providing. Ahead-looking info contained on this doc is topic to dangers, together with dangers related to the capital and debt markets, and different dangers as set out within the base shelf prospectus and prospectus complement talked about herein. above, together with any paperwork included by reference therein. There isn’t any assure as to when the proceeds of the providing will probably be used and it’s doable that the usage of the product could also be modified if the Board of Administrators of Keyera determines that this might be in the most effective pursuits of Keyera. . For extra info on these and different components, see Keyera’s public paperwork at www.sedar.com. The forward-looking info contained on this press launch is made as of the date hereof, and besides as required by relevant securities regulation, Keyera assumes no obligation to publicly replace or revise such paperwork, in anyway. on account of new info, future occasions or in any other case.
Further infoFor extra info on Keyera Corp., please go to our web site at www.keyera.com or contact:
Dan Cuthbertson, Director, Investor RelationsCalvin locke, Supervisor, Investor RelationsBeata graham, Senior Analyst, Investor Relations
E-mail: [email protected] Phone: 403.205.7670 Toll free: 888.699.4853
SOURCE Keyera Corp.
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