Ovintiv prices $2.3B multi-tranche senior notes offering at varying rates

On May 16, 2023, Ovintiv Inc. (the “ Company ”), entered into an Underwriting Agreement (the “Underwriting Agreement”), by and among the Company, as the issuer, Ovintiv Canada ULC, as the guarantor (“Ovintiv Canada”), Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, RBC Capital Markets, LLC and TD Securities (USA) LLC, as representatives of the several underwriters named therein (collectively, the “Underwriters”), providing for the issuance and sale of an aggregate of $600,000,000 principal amount of 5.650% senior notes due 2025 (the “2025 notes”), $700,000,000 principal amount of 5.650% senior notes due 2028 (the “2028 notes”), $600,000,000 principal amount of 6.250% senior notes due 2033 (the “2033 notes”) and $400,000,000 principal amount of 7.100% senior notes due 2053 (the “2053 notes,” together with the 2025 notes, the 2028 notes and the 2033 notes, the “New Notes”).