Cenovus Energy’s $1 Billion High-Yield Notes Offerings

Paul, Weiss advised Cenovus Energy Inc. on the offering

Cenovus Energy Inc., a Canadian integrated oil and natural gas company, completed its first-ever high-yield offering of $1 billion in 5.375% notes due 2025.

BofA Securities, Inc., BMO Capital Markets Corp. and Scotia Capital (USA) Inc. acted as active joint bookrunning managers, with RBC Capital Markets, LLC and TD Securities (USA) LLC acted as joint bookrunning managers, ATB Capital Markets Inc. and CIBC World Markets Corp. acted as senior co-managers, and Barclays Capital Inc., Credit Suisse Securities (USA) LLC, Desjardins Securities Inc., J.P. Morgan Securities LLC, Mizuho Securities USA LLC, MUFG Securities Americas, Inc., National Bank of Canada Financial Inc., SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC acted as co-managers.

The Paul, Weiss team advising Cenovus Energy included corporate partners Andrew Foley (Picture), Christopher Cummings and Mark Bergman and counsel Stephen Centa; tax partners David Mayo and the late David Sicular; environmental counsel William O’Brien; and international trade counsel Richard Elliott.

Involved fees earner: Mark Bergman – Paul Weiss Rifkind Wharton & Garrison; Stephen Centa – Paul Weiss Rifkind Wharton & Garrison; Christopher Cummings – Paul Weiss Rifkind Wharton & Garrison; Richard Elliott – Paul Weiss Rifkind Wharton & Garrison; Andrew Foley – Paul Weiss Rifkind Wharton & Garrison; David Mayo – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Cenovus Energy Inc.;

Author: Ambrogio Visconti