By Wendy Van Sickle
Columbus, Ohio, March 8 – Keyera Corp. sold C$350 million of 60-year fixed-to-fixed rate subordinated notes with a 5.95% coupon, according to a press release.
The offering is led by CIBC World Markets Inc. and RBC Dominion Securities Inc.
Proceeds will be used to finance debt under Keyera’s credit facility, to fund capital projects and for general corporate purposes.
Keyera is a Calgary, Alta.-based natural gas midstream provider.
| Issuer: | Keyera Corp.
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| Amount: | C$350 million
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| Description: | Fixed-to-fixed rate subordinated notes
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| Maturity: | March 10, 2081
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| Coupon: | 5.95%
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| Bookrunners: | CIBC World Markets Inc. and RBC Dominion Securities Inc.
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| Trade date: | March 8
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| Settlement date: | March 10
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| Distribution: | Canada
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