Keyera Corp. Announces $250 Million Public Note Offering

/NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAWS./

CALGARY, AB, Jan. 2, 2024 /CNW/ - Keyera Corp. (TSX: KEY) ("Keyera") announced today that it has agreed to issue $250 million of 30 year senior unsecured medium term notes (the "Notes"). The Notes will have a fixed coupon of 5.663% per annum, paid semi-annually, and a maturity date of January 4, 2054.

The offering of the Notes (the "Offering") is expected to close on January 4, 2024 and the net proceeds will be used to refinance short term indebtedness under Keyera's credit facility and for general corporate purposes.

The Notes are being offered through a syndicate of dealers co-led by CIBC Capital Markets and RBC Capital Markets under Keyera's Short Form Base Shelf Prospectus dated December 12, 2023, as supplemented by a Prospectus Supplement dated December 14, 2023, and a Pricing Supplement dated January 2, 2024.

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 (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States unless an exemption from the registration requirements of the U.S. Securities Act is available.

Keyera Corp. (TSX: KEY) operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering 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.

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 and/or management 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.sedarplus.ca. 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: [email protected] 
Telephone: 403.205.7670
Toll free: 888.699.4853

SOURCE Keyera Corp.