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Keyera enters private placement of senior notes for debt repayment

Keyera Corp.has entered into a private placement of 10-year and 12-year senior unsecurednotes for C$300 million.

The notes, which will be issued in two tranches, include C$200million of notes with a 3.96% interest that will mature on Oct. 13, 2026, andC$100 million of notes with a 4.11% interest that will mature on Oct. 13, 2028,according to a July 21 news release. Interest will bepaid semiannually.

The private placement, which was entered with a group ofinstitutional investors in Canada and the U.S., is anticipated to close on Oct.13, subject to closing conditions. The proceeds, to be drawn on the date ofclosing, will be used to repay short-term debt incurred from the company'scapital program and for general corporate purposes.