/NOT FOR DISSEMINATION IN THE
UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY
CONSTITUTE A VIOLATION OF UNITED
STATES SECURITIES LAWS./
CALGARY,
AB, March 24, 2022 /CNW/ - Keyera
Corp.(TSX: KEY) ("Keyera") announced today that it has agreed to
issue $400 million of senior
unsecured medium term notes (the "Offering"). The Offering
will be conducted in a single tranche having a fixed coupon of
5.022% per annum, paid semi-annually, and maturing on March 28, 2032 (the "Notes").
The Offering is expected to close on March 28, 2022 and the net proceeds will be used
to refinance indebtedness under Keyera's credit facilities and
maturing senior unsecured private notes, to fund its capital
projects, and for other general corporate purposes.
The Notes are being offered through a syndicate of dealers
co-led by RBC Capital Markets and CIBC Capital Markets under
Keyera's Short Form Base Shelf Prospectus dated November 18, 2021, as supplemented by a
Prospectus Supplement dated February 22,
2022 and a Pricing Supplement dated March 24, 2022.
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 Corp.
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 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.
Disclaimer
This news release also contains forward-looking information
pertaining to the offering, the timing of closing of the offering
and the amount and use of proceeds from the offering. The
forward-looking information herein are subject to risks, including
risks associated with capital and debt markets, and other risks as
set forth in the base shelf prospectus and prospectus supplement
referenced above, including the documents incorporated by reference
therein. For example, the closing of the offering may not occur or
may be delayed if the conditions to closing are not satisfied or if
the timeline to satisfy the conditions is extended. Accordingly,
there is risk that the offering will not be completed within the
anticipated time, on the terms proposed, or at all. Further,
there is no guarantee as to when the proceeds from the offering
will be used and it is possible the use of proceeds could be
changed should Keyera's board of directors determine that it would
be in the best interests of Keyera. For additional information on
these and other factors, see Keyera's public filings on
www.sedar.com. The forward-looking information in this news release
are made as of the date hereof, and except as required by
applicable securities law, Keyera undertakes no obligation to
update publicly or revise such documents, whether as a result of
new information, future events, or otherwise.
Additional Information
For more information about Keyera Corp., please visit our
website at www.keyera.com or contact:
Dan Cuthbertson, Director,
Investor Relations
Calvin
Locke, Manager, Investor Relations
Rahul Pandey, Senior Advisor,
Investor Relations
Email: ir@keyera.com Telephone: 403.205.7670
Toll free: 888.699.4853
SOURCE Keyera Corp.