Edition:
United States

KEYERA ANNOUNCES $400 MLN PRIVATE PLACEMENT DEBT FINANCING


Tuesday, 20 Jun 2017 11:53am EDT 

June 20 (Reuters) - Keyera Corp :KEYERA ANNOUNCES $400 MILLION PRIVATE PLACEMENT DEBT FINANCING.NOTES WILL BEAR INTEREST AT 3.68% AND MATURE ON SEPTEMBER 20, 2027.PROCEEDS FROM NOTES WILL BE USED TO REPAY SHORT-TERM DEBT INCURRED TO EXECUTE KEYERA'S CAPITAL PROGRAM AND FOR GENERAL CORPORATE PURPOSES.ENTERING PRIVATE PLACEMENT OF 10-YEAR SENIOR UNSECURED NOTES OF CAD$400 MILLION WITH GROUP OF INSTITUTIONAL INVESTORS IN CANADA,U.S..