By Lisa Kerner
Charlotte, N.C., July 21 – Keyera Corp. agreed to place 10-year and 12-year notes totaling C$300 million with a group of institutional investors in Canada and the United States.
The notes will be issued in two tranches as follows:
• C$200 million of 3.96% notes due Oct. 13, 2026; and
• C$100 million of 4.11% notes due Oct. 13, 2028.
Proceeds will be used to repay short-term debt and for general corporate purposes.
Closing is expected to occur on Oct. 13.
Interest on the notes is payable semiannually.
Citigroup Global Markets Inc. acted as lead placement agent, and RBC Capital Markets, LLC acted a co-placement agent.
Keyera is a Calgary, Alta., natural gas midstream operator.
| Issuer: | Keyera Corp.
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| Issue: | Notes
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| Amount: | C$300 million
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| Distribution: | Private placement
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| Closing: | Oct. 13
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|
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| Amount: | C$200 million
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| Coupon: | 3.96%
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| Maturity: | Oct. 13, 2026
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|
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| Amount: | C$100 million
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| Coupon: | 4.11%
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| Maturity: | Oct. 13, 2028
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