Canada’s Cenovus Energy Inc. announced early tender results for its offers to purchase certain outstanding notes for cash and is expanding the offer, according to a Sept. 19 press release.
On Sept. 5, Cenovus initially offered to purchase for cash a series of notes due between 2027 and 2043, excluding accrued and unpaid interest for up to US$500 million. A second pool offerings was capped at US$250 million.
The company said on Sept. 19 the second pool of repurchases would increase to US$500 million. In that pool, the company is offering to repurchase notes due in 2037 and notes due in 2039.