- Keyera Corp. (KEY) has completed a fully exercised $230 million bought deal public offering of common shares
- Keyera issued roughly 8.13 million of its common shares for $28.30 per common share
- 1.06 million of which were a result of the full exercise of the underwriters’ over-allotment option
- The company will put the proceeds towards acquiring an additional 21 per cent working interest in the Keyera Fort Saskatchewan complex from Plains Midstream Canada
- Keyera Corp. (KEY) is up 1.37 per cent and is trading at $28.82 per share as of 1:32 p.m. EST
Keyera Corp. (KEY) has completed a fully exercised $230 million bought deal public offering of common shares.
Keyera issued roughly 8.13 million of its common shares, 1.06 million of which were a result of the full exercise of the underwriters’ over-allotment option. The common shares were issued at $28.30 per common share
The offering was announced on December 14 when Keyera signed an agreement with RBC Dominion Securities Inc., which acting on behalf of a syndicate of underwriters.
The company will use these proceeds in combination with other financing sources and cash on hand to fund its acquisition for an additional 21 per cent working interest in the Keyera Fort Saskatchewan complex from Plains Midstream Canada.
Keyera operates an integrated Canadian-based energy infrastructure business with interconnected assets for energy solutions. Its fee-for-service based business includes natural gas gathering and processing, transportation, storage and marketing and a condensate system in the Edmonton-Fort Saskatchewan area of Alberta.
Keyera Corp. (KEY) is up 1.37 per cent and is trading at $28.82 per share as of 1:32 p.m. EST.