Cenovus to redeem its 3.950% notes due April 15, 2022 and 3.000% notes due August 15, 2022
September 21 2021 - 8:00AM
Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that on
October 20, 2021 (the “Redemption Date”) it will redeem the entire
outstanding principal amount of its 3.950% notes due April 15, 2022
and 3.000% notes due August 15, 2022 (collectively, the “Notes”).
Cenovus has issued notices to the trustees of the Notes 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 press release does not constitute a notice of redemption of
the Notes.
Advisory Forward-looking
Information This 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 six months ended June 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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Cenovus contacts:
Investors |
Media |
Investor Relations general line403-766-7711 |
Media Relations general line403-766-7751 |
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