CALGARY, Oct. 10, 2013 /CNW/ - Keyera Corp. (TSX:KEY) (TSX:KEY.DB.A)
("Keyera") announced today that it has concluded its previously
announced CDN$200 million issuance of long-term notes pursuant to an
uncommitted private shelf agreement (the "Agreement") with the
Prudential Capital Group ("Prudential"). Proceeds of the notes are
being used to pay down existing credit facilities and other general
corporate purposes, including Keyera's ongoing capital expenditure
program.
In connection with this debt placement, Keyera and Prudential amended
the Agreement to, among other things, allow for the issuance of up to
US$350 million of notes (subject to certain conditions), up from the
previous limit of US$200 million.
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 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.
Disclaimer
This document contains forward-looking statements based on management's
current expectations and assumptions relating to Keyera's business, its
financing strategy, the environment in which it operates, anticipated
timing and construction of capital projects and the future operations
and performance of the assets. As these forward-looking statements
depend upon future events, actual outcomes may differ materially
depending on factors such as: timing of Keyera's capital projects and
associated capital spending; Keyera's ability to execute its strategic
initiatives; activities of producers, competitors, customers, business
partners and others; overall economic conditions; access to capital and
financing alternatives; potential delays or changes in plans with
respect to development projects or capital expenditures or the results
therefrom;; and other known or unknown factors. There can be no
assurance that the future events anticipated by Keyera will be realized
or that they will have the expected consequences for or effects on
Keyera.
Additional Information
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.
