Keyera Closes Long-Term Private Placement Debt Financing

CALGARY, Oct. 13, 2016 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today that it has concluded its previously announced private placement of 10-year and 12-year senior unsecured notes (the "Notes") totaling CAD$300 million with a group of institutional investors in Canada and the United States. The Notes were issued in two tranches with CAD$200 million bearing interest at 3.96% and maturing on October 13, 2026 and CAD$100 million bearing interest at 4.11% and maturing on October 13, 2028. Proceeds from the Notes will be used to repay short-term debt incurred to execute Keyera's capital program and for general corporate purposes.

About Keyera

Keyera Corp. (TSX:KEY) operates one of the largest midstream energy companies in Canada, providing essential services to oil and gas producers in the Western Canada Sedimentary Basin. Its predominantly fee-for-service based business consists of natural gas gathering and processing, natural gas liquids fractionation, transportation, storage and marketing, iso-octane production and sales, and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.

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.

For further information about Keyera, please visit our website at www.keyera.com or contact Lavonne Zdunich, Director, Investor Relations, or Nick Kuzyk, Manager, Investor Relations, Email: [email protected], Telephone: [phone] / Toll Free: 888.699.4853