Cenovus to redeem 3.55% notes due March 12, 2025
May 24 2022 - 5:00PM
Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that on
June 28, 2022 (the “Redemption Date”) it will redeem the entire
outstanding principal amount of its 3.55% notes due March 12, 2025
(the “Notes”). On the Redemption Date, registered holders of the
Notes will receive a redemption price calculated in accordance with
the applicable indenture governing the Notes and the terms of the
Notes, as described in the prospectus supplement of Husky Energy
Inc. dated March 9, 2015 relating to the original issuance of the
Notes. The redemption price will include accrued and unpaid
interest up to, but excluding, the Redemption Date.
Non-registered holders (banks, brokerage firms or
other financial institutions) of the Notes, which maintain their
interests through CDS & Co. (“CDS”), should contact their CDS
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. Notice of redemption has been delivered
today to CDS, the sole registered holder 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 Cenovus’s current expectations, estimates and projections
about the future, based on certain assumptions made in light of
experiences and perceptions 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 the 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,
2021 and in Cenovus’s MD&A for the three months ended March 31,
2022 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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Cenovus contacts:
Investors |
Media |
Investor Relations general line403-766-7711 |
Media Relations general
line403-766-7751 |
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