Cenovus Energy Closed $2.6 Billion Offering of Senior Notes and Redemption of Select Notes

Cenovus Energy completed a $2.6 billion public offering of senior notes in Canada and the U.S. The offering includes various unsecured notes due between 2031 and 2036. The company will redeem $750 million and US$373 million notes due in 2027, and MEG Energy's US$600 million notes due in 2029. Proceeds will refinance these notes and support general corporate needs. Shares fell 0.4% to $25.58 on the Toronto Stock Exchange.