On January 2, 2008, Keyera Energy Limited Partnership and Keyera Energy Facilities Limited, along with guarantor Keyera Facilities Income Fund, as part of a reorganization, entered into syndicated credit facilities in an amount of up to $150,000,000.00 for general corporate purposes.
Keyera operates one of the largest natural gas midstream businesses in Canada. Keyera's business consists of natural gas gathering and processing as well as NGL processing, transportation, storage and marketing at its facilities located in significant natural gas prone regions in the west central and foothills areas in western Alberta. The Royal Bank of Canada acted as agent for a syndicate of lenders comprised of Royal Bank of Canada, National Bank of Canada, Alberta Treasury Branches, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce and The Toronto-Dominion Bank. RBC Capital Markets acted as lead arranger and National Bank Financial acted as syndication agent and co-arranger.
The syndicated facilities were supplemented by a credit facility in the amount of $15,000,000.00 established by Royal Bank of Canada, for general operating requirements, and by a credit facility in the amount of $15,000,000.00 established by The Toronto-Dominion Bank for general corporate purposes.
In addition, on January 1, 2008, Keyera Facilities Income Fund entered into a daylight credit facility in the amount of $76,000,000.00, established by The Toronto-Dominion Bank for the purpose of completing the reorganization.
The agent and the lenders were represented by the Calgary office of Fraser Milner Casgrain LLP, with a team comprised of Bill Jenkins, Trevor Morawski and Megan Cole. The borrowers and their affiliates were represented by Macleod Dixon LLP, with a team comprised of Michael Wylie and Jenine Mak.
Keyera operates one of the largest natural gas midstream businesses in Canada. Keyera's business consists of natural gas gathering and processing as well as NGL processing, transportation, storage and marketing at its facilities located in significant natural gas prone regions in the west central and foothills areas in western Alberta. The Royal Bank of Canada acted as agent for a syndicate of lenders comprised of Royal Bank of Canada, National Bank of Canada, Alberta Treasury Branches, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce and The Toronto-Dominion Bank. RBC Capital Markets acted as lead arranger and National Bank Financial acted as syndication agent and co-arranger.
The syndicated facilities were supplemented by a credit facility in the amount of $15,000,000.00 established by Royal Bank of Canada, for general operating requirements, and by a credit facility in the amount of $15,000,000.00 established by The Toronto-Dominion Bank for general corporate purposes.
In addition, on January 1, 2008, Keyera Facilities Income Fund entered into a daylight credit facility in the amount of $76,000,000.00, established by The Toronto-Dominion Bank for the purpose of completing the reorganization.
The agent and the lenders were represented by the Calgary office of Fraser Milner Casgrain LLP, with a team comprised of Bill Jenkins, Trevor Morawski and Megan Cole. The borrowers and their affiliates were represented by Macleod Dixon LLP, with a team comprised of Michael Wylie and Jenine Mak.
