Keyera Announces Private Placement Of 3.68% Notes, Due 2027 For US$302.5 Million

Published: Jun 20 2017
Deal Summary

Keyera Corp., a midstream company, agreed to issue 3.68% senior unsecured notes, due on September 20, 2027, for gross proceeds of CS$400 million (MM) (US$302.5 MM), in a private placement. Interest on notes will be payable semi-annually.

RBC Capital Markets, LLC and Citigroup Global Markets Inc. are acting as placement agents to the company for the placement. The company intends to use the proceeds from the placement to repay short-term debt and for general working capital purposes.

The placement is expected to be completed on September 20, 2017, subject to closing conditions.

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