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.
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.
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.
Investors and Media Keyera Corp. John Cobb, Vice-President, Investor
Relations, or Julie Puddell, Manager, Investor Relations
Email:firstname.lastname@example.org; Telephone: 403.205.7670 / Toll Free: 888.699.4853
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CO: Keyera Corp.
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-0- Oct/10/2013 20:46 GMT
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