Keyera Completes Private Placement Debt Financing

CALGARY, June 19, 2012 /CNW/ - Keyera Corp. (TSX:KEY) (TSX: KEY.DB.A) ("Keyera") announced today that it has concluded its previously announced private placement of $200 million (Canadian equivalent) of medium and long-term senior unsecured notes to a group of institutional investors in Canada and the United States. Proceeds from the placement are being used to reduce short-term bank debt.

"This transaction enhances our capital structure by providing medium and long-term debt at attractive rates, leaving Keyera well positioned to use its financial strength to acquire assets should they come available, and fund the numerous growth capital opportunities we see before us." said Dean Setoguchi, Vice President and CFO.

About Keyera
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 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 Keyera management's current expectations and assumptions relating to Keyera's business, the environment in which it operates, anticipated timing and closing of the debt placement 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: 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; 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 www.sedar.com. 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.

For further information about Keyera, please visit our website at www.keyera.com or contact:

John Cobb
Director, Investor Relations
E-mail: [email protected]
Telephone: [phone] / Toll Free: [phone]
Facsimile: [phone].