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
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
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:
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
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.
NI: OIL LOAN MNA
-0- Nov/20/2013 17:28 GMT
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