Cenovus Energy announces $2.6 billion offering of senior notes

Core Viewpoint - Cenovus Energy Inc. has announced the pricing of a $2.6 billion offering of senior unsecured notes, which includes both Canadian and U.S. dollar denominated notes [1][2]. Group 1: Offering Details - The offering consists of four tranches: Canadian Notes totaling $1.2 billion and U.S. Notes totaling $1.0 billion [1]. - The Canadian Notes include $650 million with a 4.25% coupon maturing on March 20, 2033, and $550 million with a 4.60% coupon maturing on November 20, 2035 [2]. - The U.S. Notes consist of $500 million with a 4.65% coupon maturing on March 20, 2031, and $500 million with a 5.40% coupon maturing on March 20, 2036 [2]. Group 2: Use of Proceeds - The net proceeds from the offerings will be used to redeem $750 million of 3.60% senior notes due 2027, $373 million of 4.25% senior notes due 2027, and $600 million of 5.875% senior notes from MEG Energy Corp. due 2029, along with general corporate purposes [3]. Group 3: Underwriting and Regulatory Information - The notes are being offered through a syndicate of dealers led by CIBC Capital Markets, J.P. Morgan Securities LLC, TD Securities Inc., Goldman Sachs & Co. LLC, and Mizuho Securities USA LLC [4]. - The Canadian Notes are offered in all provinces and territories of Canada, while the U.S. Notes are offered under a prospectus supplement filed with the SEC [5].