Cenovus Energy Inc. has priced an offering of $2.6 billion in senior unsecured notes, with tranches in Canadian and U.S. dollars. The Canadian Notes include two tranches with coupons of 4.25% and 4.60%, while the U.S. Notes include two tranches with coupons of 4.65% and 5.40%. The offerings are set to close on November 20, 2025, and the proceeds will be used for note redemptions and general corporate purposes. The Notes are offered through a syndicate of dealers led by CIBC Capital Markets, J.P. Morgan Securities LLC, TD Securities Inc., Goldman Sachs & Co. LLC, and Mizuho Securities USA LLC.

Investors can access the prospectus supplement and base shelf prospectus for the Canadian Notes through Cenovus’s SEDAR+ profile. The U.S. Notes are offered through a prospectus supplement filed with the SEC. Before investing in the U.S. Notes, prospective investors should review the relevant documents filed with the SEC. This news release does not constitute an offer to sell or solicitation to buy securities in any jurisdiction where it would be unlawful. Cenovus Energy Inc. is an integrated energy company with operations in Canada and the Asia Pacific region, committed to maximizing value in a safe, responsible, and cost-efficient manner.

Read more at GlobeNewswire: Cenovus Energy announces $2.6 billion offering of senior