Cenovus energy announces pricing of tender offers for certain outstanding series of notes

Calgary, alberta, sept. 19, 2023 (globe newswire) -- cenovus energy inc. (tsx: cve) (nyse: cve) announced today the total consideration payable in connection with its previously announced tender offers to purchase for cash: (i) up to $500,000,000 aggregate purchase price, excluding accrued and unpaid interest (the “pool 1 maximum amount”), of its 5.250% notes due 2037, 4.450% notes due 2042, 5.200% notes due 2043, 4.400% notes due 2029, 5.400% notes due 2047 and 4.250% notes due 2027 (collectively, the “pool 1 notes”) and (ii) up to $500,000,000 aggregate purchase price, excluding accrued and unpaid interest (the “pool 2 maximum amount” and, together with the pool 1 maximum amount, the “maximum amounts”), of its 6.800% notes due 2037 and 6.750% notes due 2039 (collectively, the “pool 2 notes” and, together with the pool 1 notes, the “notes”), subject to prioritized acceptance levels listed in the table below (“acceptance priority levels”) and the terms and conditions of the tender offers.
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