CALGARY, Nov. 20, 2013 /CNW/ - Keyera Corp. (TSX:KEY) (TSX:KEY.DB.A) ("Keyera") announced today that it closed $231 million (Canadian equivalent) of its previously announced $306 million (Canadian equivalent) long-term private note placement with a group of institutional investors in Canada and the U.S. Proceeds are being used to pay down existing credit facilities and fund Keyera's ongoing capital expenditure program. The remaining CDN$75 million is scheduled to be drawn on April 8, 2014, subject to typical closing conditions. 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; Natural Gas Liquids (NGLs) processing, transportation, storage and marketing; iso-octane production; 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: satisfaction of the closing conditions for the CDN $75 million notes placement; future operating results of the 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; overall economic conditions; access to capital and financing alternatives; operational risks in developing and producing natural gas; 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. 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. Investors and Media Keyera Corp. John Cobb, Vice-President, Investor Relations, or Julie Puddell, Manager, Investor Relations Email:email@example.com; Telephone: 403.205.7670 / Toll Free: 888.699.4853 To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/November2013/20/c9185.html CO: Keyera Corp. ST: Alberta NI: OIL LOAN MNA -0- Nov/20/2013 17:28 GMT
Keyera Closes Long-Term Private Debt Financing
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