Keyera Facilities Income Fund Files Shelf Prospectus and Completes Debenture Offering

On December 1, 2008, Keyera Facilities Income Fund completed an offering of $80 million principal amount of 8.25 per cent convertible unsecured subordinated debentures pursuant to a prospectus supplement, dated November 24, 2008, to its shelf prospectus. Keyera had previously filed a final short-form shelf prospectus dated September 3, 2008 in Canada with respect to up to $1 billion of trust units, subscription receipts and debt securities.

The offering was underwritten by a syndicate led by RBC Dominion Securities Inc., and included National Bank Financial Inc., TD Securities Inc., Scotia Capital Inc., CIBC World Markets Inc., Clarus Securities Inc., FirstEnergy Capital Corp. and Peters & Co. Limited.

Keyera was represented in-house by Ian MacLean, general counsel and by Craig Story, David Taniguchi, Charlotte Feasby and Veronica Tang (securities) and Doug Richardson and Julie D'Avignon (tax) of Stikeman Elliott LLP.

The underwriters were represented by Toby Allan and Keith Inman (securities), and Derek Kurrant (tax) of Fraser Milner Casgrain LLP.


Derek A. Kurrant Craig A. Story Julie D'Avignon David Taniguchi Keith Inman Thoburn (Toby) B. Allan Charlotte Feasby Veronica Tang