Cenovus Energy Completes US$1.25B Debt Offering

Cenovus Energy Inc. completed a public offering in the United States of US$500 million of 10-year senior unsecured notes and US$750 million of 30-year senior unsecured notes. Barclays Capital Inc., Deutsche Bank Securities Inc., RBS Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Credit Suisse Securities (USA) LLC acted as joint book-running managers.

Cenovus Energy Inc. is a Canadian integrated oil company. Operations include oil sands projects in northern Alberta, established natural gas and oil production in Alberta and Saskatchewan and a 50 per cent ownership in two US refineries.

Cenovus Energy Inc. was represented by its in-house legal team of Kerry Dyte, Carla Tait and Sean MacLachlan; Norton Rose Canada LLP acted as its Canadian counsel, with a team in Calgary that included Kevin Johnson, Don Tse and Peter Allegretto (secur-ties) and Darren Hueppelsheuser (tax); and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as its US counsel, with a team in Toronto and New York that included Andrew Foley (corporate); Ayalon Eliach (tax); William O'Brien (environmental); Steve Centa and Christian Kurtz (corporate) and David Sicular (tax).

The joint book-running managers were represented by Shearman & Sterling LLP, with a team in Toronto. The Shearman & Sterling team included Jason Lehner, Kevin Roggow and Peter Dueck (securities).