Keyera Corp. Announces Closing of $318 million Public Offering of Common Shares and Over-Allotment Option

Keyera Corp. Announces Closing of $318 million Public Offering of Common 
Shares and Over-Allotment Option 
CALGARY, May 29, 2014 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced 
today the successful completion of the public offering of 3,750,000 common 
shares ("Common Shares"), as well as the sale of an additional 562,500 Common 
Shares pursuant to the over-allotment option exercised by the underwriters in 
connection with the public offering.  This brings the total number of Common 
Shares sold by Keyera in the public offering to 4,312,500. The Common Shares 
were priced at $73.75 per Common Share for gross total proceeds of 
approximately $318 million. 
The issue was made through a syndicate of underwriters co-led by RBC Capital 
Markets and National Bank Financial Inc. and included TD Securities Inc., 
CIBC, BMO Capital Markets, Scotiabank, Peters & Co. Limited, FirstEnergy 
Capital Corporation, GMP Securities L.P. and Macquarie Capital Markets Canada. 
Net proceeds of the offering will be used to partially fund Keyera's capital 
growth program, to reduce its short term indebtedness under its credit 
facilities and for general corporate purposes. 
About Keyera 
Keyera Corp. (TSX:KEY) 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. 
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 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: 
Keyera's ability to execute its capital program; timing of anticipated capital 
spending; construction and input costs; construction scheduling variables; 
availability of construction crews and engineering services; ability to source 
required parts and equipment; future operating results of the assets; 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 and operations; 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 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. 
This press release shall not constitute an offer to sell or the solicitation 
of an offer to buy any securities, nor shall there be any sale of securities 
in any state in the United States in which such offer, solicitation or sale 
would be unlawful. The securities referred to herein have not been and will 
not be registered under the United States Securities Act of 1933, as amended, 
and may not be offered or sold in the United States absent registration or an 
applicable exemption from registration requirements.

SOURCE  Keyera Corp. 
For further information about Keyera, please visit our website or contact: 
John Cobb, Vice President, Investor Relations and Information Technology  or 
Julie Puddell, Manager, Investor Relations, Telephone: (403) 205-7670 / Toll Free: (888) 699-4853. 
To view this news release in HTML formatting, please use the following URL: 
CO: Keyera Corp.
ST: Alberta
-0- May/29/2014 12:39 GMT
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