---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-120130"
form_type: "8-K"
ticker: "OVV"
cik: "0001792580"
company_name: "Ovintiv Inc."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T09:16:53.953230+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Ovintiv enters $825M term loan facility to partially finance Permian acquisition

## Summary
- Two-year $825M term loan from Goldman Sachs-led syndicate to partially fund Permian asset acquisition.
- Interest at Base Rate + 0-100 bps or Adjusted Term SOFR + 100-200 bps, depending on credit ratings.
- Total debt to consolidated capitalization covenant not to exceed 60% at each quarter-end.
- Guaranteed by Ovintiv Canada ULC; funding subject to consummation of Permian Acquisition.
- Loan matures on second anniversary of funding date; lenders may accelerate on event of default.

## SEC filing metadata
- accession: 0001193125-23-120130
- form_type: 8-K
- ticker: OVV
- cik: 0001792580
- company_name: Ovintiv Inc.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 10.1, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1792580/000119312523120130/0001193125-23-120130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1792580/000119312523120130/d304849d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-120130
- JSON: https://secwatch.observer/filing/0001193125-23-120130.json
- Plain text: https://secwatch.observer/filing/0001193125-23-120130.txt

## Key facts
- Debt Financings
  Ovintiv Inc. incurred term loan of $825 million with Goldman Sachs Bank USA at Base Rate plus applicable margin ranging from 0 to 100 basis points, or Adjusted maturing second anniversary of the Funding Date.
  - Instrument: term loan
  - Principal: $825 million
  - Counterparty: Goldman Sachs Bank USA
  - Rate: Base Rate plus applicable margin ranging from 0 to 100 basis points, or Adjusted
  - Maturity: second anniversary of the Funding Date
  - Event: incurrence
  source text: On April 26, 2023, Ovintiv Inc. (“Ovintiv”) entered into a Term Credit Agreement by and among Ovintiv, as borrower, Goldman Sachs Bank USA, as administrative agent, and the lenders party thereto (the “Credit Agreement”), which provides for a two-year, $825 million term loan facility (the “Term Loan Facility”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1792580/000119312523120130/0001193125-23-120130-index.htm
- Material Agreements
  Ovintiv Inc. entered into Credit Agreement with Goldman Sachs Bank USA, as administrative agent, and the lenders party thereto valued at $825 million (effective 2023-04-26).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Goldman Sachs Bank USA, as administrative agent, and the lenders party thereto
  - Value: $825 million
  - Effective: 2023-04-26
  source text: On April 26, 2023, Ovintiv Inc. (“Ovintiv”) entered into a Term Credit Agreement by and among Ovintiv, as borrower, Goldman Sachs Bank USA, as administrative agent, and the lenders party thereto (the “Credit Agreement”), which provides for a two-year, $825 million term loan facility (the “Term Loan Facility”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1792580/000119312523120130/0001193125-23-120130-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.