CALGARY, Dec. 9, 2015 /CNW/ – Keyera Corp. (TSX:KEY) (“Keyera”) today announced that it has agreed on terms with a syndicate of nine lenders to increase and extend its unsecured revolving credit facility (the “Credit Facility”). The Credit Facility has been increased to $1.5 billion from $1 billion, with the potential to increase to $1.85 billion subject to certain conditions. The term of the Credit Facility has been extended by one year to December 6, 2020.
“The changes to our Credit Facility provide enhanced financial flexibility for Keyera as we continue to invest in several growth projects and look for opportunities to expand and optimize our integrated business,” said Steven Kroeker, Keyera's Senior Vice President and Chief Financial Officer. “We appreciate the support of our lenders and look forward to continuing these relationships.”
About Keyera Corp.
Keyera Corp. (TSX:KEY) operates one of the largest midstream energy companies in Canada, providing essential services to hundreds of oil and gas producers in the Western Canada Sedimentary Basin. Its predominantly fee-for-service based business consists of natural gas gathering and processing, natural gas liquids processing, transportation, storage and marketing, iso-octane production and sales, and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.
SOURCE Keyera Corp.