Keyera Corp. announced that it has agreed to issue $400 million of senior unsecured medium term notes (the "Offering"). The Offering will be conducted in a single tranche having a fixed coupon of 5.022% per annum, paid semi-annually, and maturing on March 28, 2032.

The Offering is expected to close on March 28, 2022 and the net proceeds will be used to refinance indebtedness under Keyera's credit facilities and maturing senior unsecured private notes, to fund its capital projects, and for other general corporate purposes. The Notes are being offered through a syndicate of dealers co-led by RBC Capital Markets and CIBC Capital Markets under Keyera's Short Form Base Shelf Prospectus dated November 18, 2021, as supplemented by a Prospectus Supplement dated February 22, 2022 and a Pricing Supplement dated March 24, 2022.