Gulf Oil and Gas accountACCOUNT

Cenovus Closes $1B Offering of Senior Notes

Source: www.gulfoilandgas.com 7/30/2020, Location: North America

Cenovus Energy Inc. has completed a public offering in the United States (the “Offering”) of US$1,000,000,000 in 5.375% senior unsecured notes due 2025 (the “Notes”). The Notes were issued under Cenovus’s short form base shelf prospectus dated September 19, 2019 and a prospectus supplement dated July 28, 2020 filed with securities regulatory authorities in Canada and the United States.

The net proceeds of the Offering will be used to repay short-term indebtedness outstanding under the company’s $4.5 billion committed credit facility and other short-term indebtedness.

BofA Securities, Inc., BMO Capital Markets Corp. and Scotia Capital (USA) Inc. acted as active joint book-running managers. The offering was supported by additional advisors including: RBC Capital Markets, LLC, TD Securities (USA) LLC, ATB Capital Markets Inc., CIBC World Markets Corp., Barclays Capital Inc., Credit Suisse Securities (USA) LLC, Desjardins Securities Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, MUFG Securities Americas, Inc., National Bank of Canada Financial Inc., SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC.

Financials and Investment News in Canada >>

Norway >>  9/18/2020 - PGS ASA informed in its Q2 and preliminary first half 2020 results presentation that the Company was in negotiations with its lenders to preserve liqu...
Australia >>  9/17/2020 - The Australian Government announced new long term funding and an expanded focus for the Australian Renewable Energy Agency that will secure its future...

United Kingdom >>  9/17/2020 - Union Jack Oil plc, a UK-focused onshore hydrocarbon production, development and exploration company, is pleased to announce that it has raised £7 mil...
Namibia >>  9/16/2020 - Global Petroleum Limited is pleased to announce that it has successfully raised £1,327,500 million in aggregate before costs (the “Placing”), through ...

Falkland Islands >>  9/15/2020 - Rockhopper Exploration, the oil and gas exploration and production company with key interests in the North Falkland Basin, is pleased to announce its ...
United Kingdom >>  9/15/2020 - Seadrill Limited has entered into forbearance agreements with certain creditors in respect of the group's senior secured credit facility agreements, s...




Canada Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.