Keyera Closes Long-Term Private Debt Financing
CALGARY, April 8, 2014 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today that it closed the final portion of its $306 million (Canadian equivalent) long-term private note placement with a group of institutional investors in Canada and the U.S. Of that amount, $231 million (Canadian equivalent) was placed on November 20, 2013. The remaining $75 million that closed today is denominated in Canadian dollars, bears interest at 5.34% and matures on April 8, 2029.
About Keyera Corp.
Keyera Corp. (TSX:KEY) operates one of the largest natural gas midstream businesses in Canada. Its business consists of natural gas gathering and processing; Natural Gas Liquids (NGLs) processing, transportation, storage and marketing; iso-octane production; and crude oil midstream activities.
Keyera's gas processing plants and associated facilities are strategically located in the west central, foothills and deep basin natural gas production areas of the Western Canada Sedimentary Basin. Its NGL and crude oil infrastructure, including pipelines, terminals and processing and storage facilities, as well as its iso-octane facility, are primarily located in Edmonton and Fort Saskatchewan, Alberta, a major North American NGL hub. Keyera markets propane, butane, condensate and iso-octane to customers in Canada and the United States.
For additional information on these and other risk factors, see Keyera's public filings on www.sedar.com. The information provided in this release is given as of the date hereof.
SOURCE Keyera Corp.For further information:
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