Keyera Corp. (Keyera) announced that it has priced a Canadian offering of $350 million of 5.95% fixed-to-fixed rate subordinated notes due March 10, 2081. The offering is expected to close on March 10, 2021 and the net proceeds will be used to refinance indebtedness under Keyera's revolving credit facility, to fund its capital projects, including its ownership interest in KAPS, and for other general corporate purposes. All approvals are in place and the company is proceeding with the construction of the KAPS pipeline project. The notes are being offered through an underwriting syndicate co-led by CIBC World Markets Inc. and RBC Dominion Securities Inc. under Keyera's Short Form Base Shelf Prospectus dated November 15, 2019 as supplemented by a Prospectus Supplement dated March 8, 2021. 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, or any state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons.