Suncor energy announces significant progress on debt management and reduction and the pricing of us$ 750 million notes offering and cad$ 500 million medium term notes offering

Calgary, alberta, march 02, 2021 (globe newswire) -- suncor energy inc. (suncor or the company) remains focused on maintaining the financial health and resiliency of the company. consistent with its debt management and reduction strategy, suncor announces the expected repayment of short-term commercial paper with the net proceeds from the issue of the notes (as defined below), the early cancellation of the bi-lateral credit facilities that were entered into to ensure access to adequate financial resources in connection with the covid-19 pandemic and the early repayment of debt maturities due later in 2021.
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