Keyera Facilities Income Fund Completes Long Term Debt Private Placement

CALGARY, Sept. 9 /CNW/ - Keyera Facilities Income Fund (TSX:KEY.UN; KEY.DB; KEY.DB.A) announced today that it has concluded its previously announced private placement of $155 million (Canadian equivalent) of long-term senior unsecured notes to a group of institutional investors in Canada and the United States. Proceeds of the notes are being used to repay $52.5 million of long term debt that matured in August 2010, reduce short-term bank debt and fund growth capital expenditures and acquisitions.

"This transaction strengthens our conservative capital structure and supports our strategy of growing our business through strategic acquisitions and internal growth opportunities", said Dean Setoguchi, Vice President and CFO.

Disclaimer

This document contains forward-looking statements based on management's current expectations and assumptions relating to Keyera's business, the environment in which it operates and the future operations and performance of its 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 business segments and the components of those results; 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; liabilities inherent in oil and natural gas operations; and 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.

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For further information: Additional Information: For further information about Keyera Facilities Income Fund, please visit our website at www.keyera.com or contact: John Cobb, Director, Investor Relations or Bradley White, Investor Relations Advisor, E-mail: [email protected], Telephone: [phone], Toll Free: [phone], Facsimile: [phone]