Keyera Announces $525 Million Bought-Deal Offering of Common Shares

Keyera Corp. announced a $525 million bought-deal offering of 9.8 million common shares at $53.55 per share, led by RBC Capital Markets and TD Securities. The net proceeds will be used to repay debt from a short-term credit facility that funded Keyera's acquisition of a 50% interest in the KAPS pipeline from Stonepeak Partners LP, resulting in Keyera owning the entire pipeline. The offering is expected to close on June 22, 2026, subject to regulatory approvals.