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Keyera Closes Long-Term Private Placement Debt Financing
Oct. 14, 2016 09:58AM PST
Oil and Gas InvestingKeyera (TSX:KEY) has announced it has ended its previously announced private placement of 10-year and 12-year senior unsecured notes totaling CAD$300 million. As quoted in the press release: The Notes were issued in two tranches with CAD$200 million bearing interest at 3.96% and maturing on October 13, 2026 and CAD$100 million bearing interest at 4.11% …
Keyera (TSX:KEY) has announced it has ended its previously announced private placement of 10-year and 12-year senior unsecured notes totaling CAD$300 million.
As quoted in the press release:
The Notes were issued in two tranches with CAD$200 million bearing interest at 3.96% and maturing on October 13, 2026 and CAD$100 million bearing interest at 4.11% and maturing on October 13, 2028. Proceeds from the Notes will be used to repay short-term debt incurred to execute Keyera’s capital program and for general corporate purposes.
Click here for the full text release.
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