Suncor Energy announces $1 billion medium term note offering

Core Viewpoint - Suncor Energy has announced a $1 billion offering of senior unsecured notes to repay existing debt, structured in two tranches with varying maturities and coupon rates [2][3]. Group 1: Offering Details - The offering consists of $500 million Series 11 Medium Term Notes due on November 14, 2027, with a coupon of 2.95% and $500 million Series 12 Medium Term Notes due on November 14, 2030, with a coupon of 3.55% [2]. - The expected closing date for the offering is November 14, 2025, subject to customary closing conditions [2]. Group 2: Use of Proceeds - The net proceeds from the sale of the notes will be used to repay existing debt [3]. Group 3: Company Overview - Suncor Energy is Canada's leading integrated energy company, involved in oil sands development, offshore oil production, and petroleum refining in Canada and the U.S. [7]. - The company operates the Petro-Canada retail and wholesale distribution networks and is advancing the transition to a lower-emissions future through investments in lower emissions intensity power and renewable fuels [7].