Mr. Dan Cuthbertson reports

KEYERA CORP. ANNOUNCES CLOSING OF $250 MILLION PUBLIC NOTE OFFERING

Keyera Corp. has closed its previously announced offering of $250-million of 30-year senior unsecured medium-term notes. The notes have a fixed coupon of 5.663 per cent per annum, paid semi-annually, and a maturity date of Jan. 4, 2054.

The offering of the notes was announced on Jan. 2, 2024, and the net proceeds will be used to refinance short-term indebtedness under Keyera's credit facility and for general corporate purposes.

The notes were offered through a syndicate of dealers co-led by CIBC Capital Markets and RBC Capital Markets under Keyera's short-form base shelf prospectus dated Dec. 12, 2023, as supplemented by a prospectus supplement dated Dec. 14, 2023, and a pricing supplement dated Jan. 2, 2024.

About Keyera Corp.

Keyera operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering energy solutions. 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 across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.

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