Shearman & Sterling advised JPMorgan Chase Bank, N.A., as Administrative Agent, on an amendment and restatement of Ovintiv’s existing $2.2 billion revolving credit facility to finance general corporate purposes.
Ovintiv, together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas, oil, and natural gas liquids. It operates through USA Operations, Canadian Operations, and Market Optimization segments. The company was formerly known as Encana Corporation and changed its name to Ovintiv in January 2020. Ovintiv was incorporated in 2020 and is based in Denver, Colorado.