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Calgary, Alberta (May 24, 2022) – Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) announced today that on June 28, 2022 (the “Redemption Date”) it will redeem the entire outstanding principal amount of its 3.55% notes due March 12, 2025 (the “Notes”). On the Redemption Date, registered holders of the Notes will receive a redemption price calculated in accordance with the applicable indenture governing the Notes and the terms of the Notes, as described in the prospectus supplement of Husky Energy Inc. dated March 9, 2015 relating to the original issuance of the Notes. The redemption price will include accrued and unpaid interest up to, but excluding, the Redemption Date.
Non-registered holders (banks, brokerage firms or other financial institutions) of the Notes, which maintain their interests through CDS & Co. (“CDS”), should contact their CDS customer service representative with any questions about the redemption of the Notes. Beneficial holders of the Notes with questions about the redemption should contact the respective brokerage firm or financial institution that holds interests in the Notes on their behalf.
This news release does not constitute a notice of redemption of the Notes. Notice of redemption has been delivered today to CDS, the sole registered holder of the Notes.
Cenovus Energy Inc.
Cenovus Energy Inc. is an integrated energy company with oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The company is focused on managing its assets in a safe, innovative and cost-efficient manner, integrating environmental, social and governance considerations into its business plans. Cenovus common shares and warrants are listed on the Toronto and New York stock exchanges, and the company’s preferred shares are listed on the Toronto Stock Exchange. For more information, visit cenovus.com.
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