Cenovus to redeem 3.80% notes due September 15, 2023 and 4.00% notes due April 15, 2024
January 10 2022 - 4:30PM
Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that on
February 9, 2022 (the “Redemption Date”) it will redeem the entire
outstanding principal amount of its 3.80% notes due September 15,
2023 and 4.00% notes due April 15, 2024 (collectively the “Notes”).
Cenovus has issued notice to the trustees of the Notes of its
intent to redeem the Notes on the Redemption Date. On the
Redemption Date, Cenovus will pay to the registered holders of the
Notes a redemption price calculated in accordance with the
indentures governing the Notes.
Non-registered holders (banks, brokerage firms or other
financial institutions) of the Notes who maintain their interests
through the Depository Trust Company (“DTC”) should contact their
DTC customer service representative with any questions about the
redemption of the Notes. Beneficial holders of the Notes with
questions about the redemption should contact the respective
brokerage firm or financial institution that holds interests in the
Notes on their behalf.
This news release does not constitute a notice of redemption of
the Notes.
AdvisoryForward-looking
InformationThis news release contains certain
forward-looking statements and forward-looking information
(collectively referred to as “forward-looking information”) within
the meaning of applicable securities legislation, including the
United States Private Securities Litigation Reform Act of 1995,
about our current expectations, estimates and projections about the
future, based on certain assumptions made by us in light of our
experience and perception of historical trends. Although Cenovus
believes that the expectations represented by such forward-looking
information are reasonable, there can be no assurance that such
expectations will prove to be correct. Readers are cautioned not to
place undue reliance on forward-looking information as actual
results may differ materially from those expressed or implied.
Cenovus undertakes no obligation to update or revise any
forward-looking information except as required by law.
Forward-looking information in this document is identified by
words such as “will” or similar expressions and includes
suggestions of future outcomes, including statements about the
redemption of Notes and payment of the redemption price.
Developing forward-looking information involves reliance on a
number of assumptions and consideration of certain risks and
uncertainties, some of which are specific to Cenovus and others
that apply to the industry generally. Material factors or
assumptions on which the forward-looking information in this news
release is based include the sufficiency of available funds on the
Redemption Date.
Readers are cautioned that other events or circumstances,
although not listed above, could cause Cenovus’s actual results to
differ materially from those estimated or projected and expressed
in, or implied by, the forward-looking statements. For a full
discussion of material risk factors, refer to Risk Management and
Risk Factors in Cenovus’s Management’s Discussion and Analysis
(MD&A) for the year ended December 31, 2020 and in Cenovus’s
MD&A for the three and nine months ended September 30, 2021 and
to the risk factors described in other documents Cenovus files from
time to time with securities regulatory authorities in Canada,
available on SEDAR at sedar.com and with the U.S. Securities and
Exchange Commission on EDGAR at sec.gov, and on its website at
cenovus.com.
Cenovus Energy Inc.Cenovus Energy Inc. is an
integrated energy company with oil and natural gas production
operations in Canada and the Asia Pacific region, and upgrading,
refining and marketing operations in Canada and the United States.
The company is focused on managing its assets in a safe, innovative
and cost-efficient manner, integrating environmental, social and
governance considerations into its business plans. Cenovus common
shares and warrants are listed on the Toronto and New York stock
exchanges, and the company’s preferred shares are listed on the
Toronto Stock Exchange. For more information, visit
cenovus.com.
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Instagram.
Cenovus contacts:
Investors |
Media |
Investor Relations general
line403-766-7711 |
Media Relations general line403-766-7751 |
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