Suncor Energy announces $750 million medium term note offering

Press Release

All financial figures are in Canadian dollars.

CALGARY, Alberta, May 22, 2019 — Suncor announced today that it will issue $750 million of senior unsecured Series 6 Medium Term Notes due on May 24, 2029 (the “Notes”). The Notes will have a coupon of 3.10% and have been priced at $99.761 per $100 of Notes to yield 3.128%. The offering is expected to close on May 24, 2019, subject to customary closing conditions.

Suncor intends to use the net proceeds from the sale of the Notes to refinance or repay existing debt of Suncor and its subsidiaries.

The Notes are being offered through a syndicate of dealers led by CIBC Capital Markets, RBC Capital Markets, and TD Securities Inc. under Suncor’s short form base shelf prospectus dated June 8, 2018 and a related pricing supplement dated May 22, 2019.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes in any jurisdiction. The Notes have not been approved or disapproved by any regulatory authority. The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and may not be offered or sold within the United States unless an exemption from the registration requirements of the U.S. Securities Act is available.

For more information about Suncor, visit our website at suncor.com, follow us on Twitter @Suncor or together.suncor.com

Media inquiries:
403-296-4000
media@suncor.com

Investor inquiries:
800-558-9071
invest@suncor.com

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