CALGARY, June 19, 2012 /CNW/ - Keyera Corp. (TSX:KEY) (TSX: KEY.DB.A) ("Keyera") announced today that
it has concluded its previously announced private placement of $200
million (Canadian equivalent) of medium and long-term senior unsecured
notes to a group of institutional investors in Canada and the United
States. Proceeds from the placement are being used to reduce short-term
bank debt.
"This transaction enhances our capital structure by providing medium and
long-term debt at attractive rates, leaving Keyera well positioned to
use its financial strength to acquire assets should they come
available, and fund the numerous growth capital opportunities we see
before us." said Dean Setoguchi, Vice President and CFO.
About Keyera
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.
Disclaimer
This document contains forward-looking statements based on Keyera
management's current expectations and assumptions relating to Keyera's
business, the environment in which it operates, anticipated timing and
closing of the debt placement and the future operations and performance
of Keyera's assets. As these forward-looking statements depend upon
future events, actual outcomes may differ materially depending on
factors such as: future operating results of Keyera's assets; future
operating results of Keyera's business segments and the components of
those results; Keyera's ability to execute its strategic initiatives;
commodity supply/demand balances and prices; activities of producers,
competitors, customers, business partners and others; access to third
party facilities; overall economic and market conditions; access to
capital and financing alternatives; operational risks associated with
Keyera's businesses; potential delays or changes in plans with respect
to development projects or capital expenditures or the results
therefrom; the legislative, regulatory and tax environment; and other
known or unknown factors. There can be no assurance that the results or
developments anticipated by Keyera will be realized or that they will
have the expected consequences for or effects on Keyera.
For additional information on these and other factors, see Keyera's
public filings on www.sedar.com. Unless otherwise required by applicable laws, Keyera does not intend
to publicly update or revise forward-looking statements, whether as a
result of new information, future events or otherwise.
