CALGARY, Dec. 14, 2012 /CNW/ - Keyera Corp. (TSX:KEY) (TSX:KEY.DB.A)
("Keyera") today announced that it has agreed on terms with a syndicate
of eight lenders to increase the size of its unsecured revolving credit
facility (the "Credit Facility") from $500 million to $750 million,
with the potential to increase to $1 billion, subject to certain
conditions. In addition, the term of the Credit Facility has been
extended from November 1, 2015 to December 13, 2016.
"These changes to our Credit Facility provide enhanced financial
flexibility for Keyera, which is important given the substantial new
growth opportunities we have underway," said Steven Kroeker, Keyera's
Vice President and Chief Financial Officer. "We appreciate the support
of our lenders and look forward to continuing that relationship."
About Keyera Corp.
Keyera Corp. (TSX:KEY) (TSX:KEY.DB.A) operates one of the largest
natural gas midstream businesses in Canada. Its business consists of
natural gas gathering and processing as well as the processing,
transportation, storage and marketing of natural gas liquids (NGLs),
the production of iso-octane 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 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.
SOURCE: Keyera Corp.
For further information:
The information provided in this release is given as of the date hereof. For further information about Keyera, please see Keyera's public filings on www.sedar.com, visit our website at www.keyera.com or contact:
John Cobb, Vice President, Investor Relations and Information Technology, or
Julie Puddell, Manager, Investor Relations
E-mail: email@example.com, Telephone: (403) 205-7670 / Toll Free: (888) 699-4853,
Facsimile: (403) 205-8425.