Issuer
|
Cenovus Energy Inc.
|
Principal Amount
|
US$1,000,000,000
|
Expected Ratings*
|
Ba2/BBB-/BB+/BBB(low) (Moody’s/S&P/Fitch/DBRS)
|
Public Offering Price
|
100%
|
Coupon
|
5.375%
|
Yield to Maturity
|
5.375%
|
Trade Date
|
July 28, 2020
|
Settlement Date
|
July 30, 2020
|
Maturity Date
|
July 15, 2025
|
Interest Payment Dates
|
Semi-annually on January 15 and July 15, beginning January 15, 2021
|
Record Dates
|
January 1 and July 1
|
Make-Whole Call
|
Prior to April 15, 2025 (the date that is three months prior to the Maturity Date of the Notes), at the applicable “make-whole” (Adjusted Treasury Rate plus 50 basis
points).
|
Par Call
|
On or after April 15, 2025 (the date three months prior to the Maturity Date of the Notes).
|
Change of Control Triggering Event
|
If the Issuer experiences a Change of Control Triggering Event, it will be required to offer to repurchase the Notes from holders at 101% of the principal amount
thereof plus accrued and unpaid interest to, but excluding, the repurchase date.
|
CUSIP
|
15135U AS8
|
ISIN
|
US15135UAS87
|
Active Joint Book-Running Managers
|
BofA Securities, Inc.
BMO Capital Markets Corp. Scotia Capital (USA) Inc. |
Joint Book-Running Managers
|
RBC Capital Markets, LLC
TD Securities (USA) LLC |
Senior Co-Managers
|
ATB Capital Markets Inc.
CIBC World Markets Corp. |
Co-Managers
|
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. Wells Fargo Securities, LLC |