Keyera Corp. Announces $400 Million Public Note Offering

Keyera Corp. Announces $400 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, June 19, 2018 /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 consisting of $400 million senior unsecured medium term notes having a fixed coupon of 3.934% per annum, paid semi-annually, and maturing on June 21, 2028 (the "Notes").

The Offering is expected to close on June 21, 2018 and the net proceeds will be used to repay short term indebtedness under Keyera's credit facility (incurred to fund Keyera's growth program and for general corporate purposes) and for general corporate purposes including funding capital and operating expenditures, acquisitions and future growth opportunities.

The Notes are being offered through a syndicate of dealers under Keyera's Short Form Base Shelf Prospectus dated September 8, 2017, as supplemented by a Prospectus Supplement dated June 3, 2018, and a Pricing Supplement dated June 19, 2018.

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.

About Keyera

Keyera Corp. (TSX:KEY) operates an integrated Canadian-based 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 contains forward-looking statements based on Keyera's current expectations and assumptions made by the management of Keyera relating to its business, the environment in which it operates, its future operations, future growth projects, future capital needs and the performance of its assets. As these forward-looking statements depend upon future events, actual outcomes may differ materially depending on factors such as:  execution of capital projects; demand for the services Keyera offers and potential changes in customer plans; future operating results; the ability of Keyera to execute its strategic initiatives; commodity supply/demand balances and prices; activities of producers, competitors, customers, business partners and others; overall economic conditions; access to capital and financing alternatives; operational risks; environmental liabilities; the legislative, regulatory and tax environment; and other known or unknown factors. 

This news release also contains forward-looking statements pertaining to the Offering, the timing of closing of the Offering and the amount and use of proceeds from the Offering. The forward-looking statements 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. 

Although Keyera believes the expectations reflected in the forward-looking statements are reasonable, undue reliance should not be placed on them as Keyera cannot give any assurance that such expectations will prove to be correct.

For additional information on these and other factors, see Keyera's public filings on www.sedar.com. The forward-looking statements 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.   

SOURCE Keyera Corp.