Keyera Completes Public Offering Of Shares For US$384.7 Million

Published: Nov 30 2017
Deal Summary

Keyera Corp, a midstream energy company, completed the bought deal public offering of 14.03 million (MM) shares, at a price of C$35.2 (US$27.41) per share, for gross proceeds of C$493.86 MM (US$384.68 MM), including the underwriters’ option of 1.83 MM shares.

RBC Capital Markets LLC and National Bank Financial Inc acted as underwriters to the company for the offering. The company intends to use the proceeds from the offering to reduce short term indebtedness, to fund capital projects and for general corporate purposes.

Deal history

Completed: On December 8, 2017, Keyera completed the bought deal public offering of 14.03 MM shares, at a price of C$35.2 (US$27.41) per share, for gross proceeds of C$493.86 MM (US$384.68 MM), including the underwriters’ option of 1.83 MM shares.

Announced: On November 30, 2017, Keyera agreed to issue 12.2 MM shares, at a price of C$35.2 (US$27.41) per share, for gross proceeds of C$429.4 MM (US$334.46 MM), in a bought deal public offering.

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