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Keyera Corp. Announces Closing of $250 Million Public Note Offering

Press Release

CALGARY, AB, Jan. 4, 2024 – Keyera Corp. (TSX: KEY) (“Keyera”) announced today that it has closed its previously announced offering of $250 million of 30 year senior unsecured medium term notes (the “Notes”). The Notes have a fixed coupon of 5.663% per annum, paid semi-annually, and a maturity date of January 4, 2054.

The offering of the Notes (the “Offering”) was announced on January 2, 2024 and the net proceeds will be used to refinance short term indebtedness under Keyera’s credit facility and for general corporate purposes.

The Notes were offered through a syndicate of dealers co-led by CIBC Capital Markets and RBC Capital Markets under Keyera’s Short Form Base Shelf Prospectus dated December 12, 2023, as supplemented by a Prospectus Supplement dated December 14, 2023, and a Pricing Supplement dated Jan 2, 2024.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the Notes in any jurisdiction. The Notes being offered have not been approved or disapproved by any regulatory authority. The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and may not be offered or sold within the United States unless an exemption from the registration requirements of the U.S. Securities Act is available.

Additional Information
For more information about Keyera Corp., please visit our website at or contact:

Dan Cuthbertson, Director, Investor Relations
Calvin Locke, Manager, Investor Relations
Rahul Pandey, Senior Advisor, Investor Relations

Telephone: 403.205.7670
Toll free: 888.699.4853


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