Keyera Corporation has announced the issuance of $2.3 billion in senior unsecured notes and $500 million in hybrid notes as part of a financing strategy to support the acquisition of Plains Midstream Canada ULC. The acquisition involves substantially all of Plains' Canadian natural gas liquids business and select U.S. assets for a total cash consideration of $5.15 billion, subject to adjustments. The acquisition is expected to close in the first quarter of 2026. If the acquisition does not close by June 30, 2026, the notes will be subject to a special mandatory redemption.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Keyera Corporation published the original content used to generate this news brief via CNW (Ref. ID: C6605) on September 15, 2025, and is solely responsible for the information contained therein.