Suncor announces pricing of tender offers for certain outstanding series of notes

Calgary, alberta--(newsfile corp. - october 3, 2024) - suncor energy inc. (tsx: su) (nyse: su) ("suncor") announced today the total consideration payable in connection with its previously announced tender offers (the "tender offers") to purchase for cash: (i) up to c$1,000,000,000 aggregate principal amount (the "pool 1 maximum amount"), of its 6.50% notes due 2038 and 6.80% notes due 2038 (collectively, the "pool 1 notes") and (ii) up to c$100,000,000 aggregate principal amount (the "pool 2 maximum amount" and, together with the pool 1 maximum amount, the "maximum amounts"), of its 3.10% series 6 medium term notes due 2029, 3.00% series 5 medium term notes due 2026, 6.00% notes due 2042, 5.35% notes due 2033, 5.95% notes due 2035, 5.00% series 7 medium term notes due 2030 and 5.39% series 4 medium term notes due 2037 (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. "this tender captures significant economic value while retiring substantial long-term debt.
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