Keyera Corp. (TSX: KEY), based in Calgary, Alberta, has announced a $525 million bought-deal offering of 9,804,000 common shares at $53.55 per share. This decision was made in conjunction with a syndicate of underwriters, led by RBC Capital Markets and TD Securities Inc. The offering is slated to close on June 22, 2026, subject to regulatory approvals, including from the Toronto Stock Exchange.
Proceeds from this offering will be used to partially repay debt associated with Keyera’s recent acquisition of a non-operated 50% interest in the KAPS pipeline from Stonepeak Partners LP. Furthermore, the underwriters have an overallotment option for an additional 1,470,600 shares, valid for 30 days following the offering’s closing date.
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