Keyera Corp. is entering into a private placement of 12-year and 15-year senior unsecured notes (the "Notes") totaling approximately CAD$305 million with a group of institutional investors in Canada and the U.S. Approximately CAD$230 million of the proceeds is expected to be drawn in November 2013, with the remaining CAD$75 million being drawn in April 2014, all subject to satisfying closing conditions.
The Notes will be issued in four tranches:
$20 million denominated in Canadian dollars bearing interest at 5.05% and maturing on November 20, 2025;
$140 million denominated in U.S. dollars bearing interest at 4.75% and maturing on November 20, 2025;
$65 million denominated in U.S. dollars bearing interest at 4.95% maturing on November 20, 2028; and
$75 million denominated in Canadian dollars bearing interest at 5.34% and maturing on April 8, 2029.
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Keyera Corp.
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