Shearman And Sterling

News Jul 30, 2020

Cenovus Energy Inc.’s $1 Billion Senior Notes Offering

Shearman & Sterling represented BofA Securities, Inc., BMO Capital Markets Corp. and Scotia Capital (USA) Inc., as active joint book-running managers, RBC Capital Markets, LLC and TD Securities (USA) LLC, as joint book-running managers, ATB Capital Markets Inc. and CIBC World Markets Corp., as senior co-managers, and 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, as co-managers, in connection with an SEC-registered offering by Cenovus Energy Inc. of $1 billion aggregate principal amount of 5.375 percent notes due 2025.

Cenovus is a Canadian integrated oil and natural gas company. Operations include oil sands projects in northern Alberta, which use specialized methods to drill and pump the oil to the surface, and established natural gas oil production in Alberta and British Columbia and 50 percent ownership in two U.S. refineries.

The Team