Cenovus Energy Completes $1.25 Billion Notes Offering

Paul, Weiss advised Cenovus Energy Inc., a Canadian integrated oil and natural gas company, in its offering of $500 million aggregate principal amount of 2.650% notes due 2032 and $750 million aggregate principal amount of 3.750% notes due 2052. J.P. Morgan Securities LLC, BofA Securities, Inc., MUFG Securities Americas, Inc., BMO Capital Markets Corp., Scotia Capital (USA) Inc. and Mizuho Securities USA LLC acted as joint bookrunning managers; CIBC World Markets Corp., Goldman Sachs & Co. LLC, RBC Capital Markets, LLC and TD Securities (USA) LLC acted as senior co-managers; and ATB Capital Markets Inc., SMBC Nikko Securities America, Inc., Desjardins Securities Inc. and Wells Fargo Securities, LLC acted as co-managers.

The Paul, Weiss team included corporate partners Andrew Foley and Christopher Cummings and counsel Stephen Centa; tax partner David Mayo; and environmental counsel William O’Brien.