8-K
filed May 31, 2023, 7:59 PM ET
ticker OVV
CIK 0001792580
debt
confidence high
sentiment neutral
materiality 0.65
Ovintiv Inc. (OVV): debt financing — Ovintiv completes $2.3B senior notes offering across four tranches
Ovintiv Inc.
- Issued $600M of 5.650% notes due 2025, $700M of 5.650% notes due 2028, $600M of 6.250% notes due 2033, and $400M of 7.100% notes due 2053.
- Senior unsecured notes rank equally with existing unsubordinated debt; fully and unconditionally guaranteed by Ovintiv Canada ULC.
- Notes issued under indenture with customary covenants including liens and merger restrictions.
- Offering completed May 31, 2023; proceeds use not specified in filing.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Ovintiv Inc. incurred senior notes of $400,000,000 principal amount of 7.100% senior notes due 2053 with Bank of New York Mellon at 7.100% maturing 2053.
- Instrument
- senior notes
- Principal
- $400,000,000 principal amount of 7.100% senior notes due 2053
- Counterparty
- Bank of New York Mellon
- Rate
- 7.100%
- Maturity
- 2053
- Event
- incurrence
Exact text from the filing
On May 31, 2023, the New Notes were issued pursuant to the Indenture (the “Base Indenture”), dated as of May 31, 2023, between the Company and the Bank of New York Mellon (the “Trustee”), as trustee, as supplemented by the First Supplemental Indenture, dated as of May 31, 2023 (the “First Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), among the Company, Ovintiv Canada and the Trustee, setting forth specific terms applicable to the New Notes.
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Ovintiv Inc. incurred senior notes of $600,000,000 principal amount of 6.250% senior notes due 2033 with Bank of New York Mellon at 6.250% maturing 2033.
- Instrument
- senior notes
- Principal
- $600,000,000 principal amount of 6.250% senior notes due 2033
- Counterparty
- Bank of New York Mellon
- Rate
- 6.250%
- Maturity
- 2033
- Event
- incurrence
Exact text from the filing
On May 31, 2023, the New Notes were issued pursuant to the Indenture (the “Base Indenture”), dated as of May 31, 2023, between the Company and the Bank of New York Mellon (the “Trustee”), as trustee, as supplemented by the First Supplemental Indenture, dated as of May 31, 2023 (the “First Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), among the Company, Ovintiv Canada and the Trustee, setting forth specific terms applicable to the New Notes.
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Ovintiv Inc. incurred senior notes of $600,000,000 principal amount of 5.650% senior notes due 2025 with Bank of New York Mellon at 5.650% maturing 2025.
- Instrument
- senior notes
- Principal
- $600,000,000 principal amount of 5.650% senior notes due 2025
- Counterparty
- Bank of New York Mellon
- Rate
- 5.650%
- Maturity
- 2025
- Event
- incurrence
Exact text from the filing
On May 31, 2023, Ovintiv Inc. (the "Company") completed its previously announced underwritten public offering of an aggregate of $600,000,000 principal amount of 5.650% senior notes due 2025
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Ovintiv Inc. incurred senior notes of $700,000,000 principal amount of 5.650% senior notes due 2028 with Bank of New York Mellon at 5.650% maturing 2028.
- Instrument
- senior notes
- Principal
- $700,000,000 principal amount of 5.650% senior notes due 2028
- Counterparty
- Bank of New York Mellon
- Rate
- 5.650%
- Maturity
- 2028
- Event
- incurrence
Exact text from the filing
On May 31, 2023, the New Notes were issued pursuant to the Indenture (the “Base Indenture”), dated as of May 31, 2023, between the Company and the Bank of New York Mellon (the “Trustee”), as trustee, as supplemented by the First Supplemental Indenture, dated as of May 31, 2023 (the “First Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), among the Company, Ovintiv Canada and the Trustee, setting forth specific terms applicable to the New Notes.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Ovintiv Inc. entered into Indenture with The Bank of New York Mellon (effective 2023-05-31).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- The Bank of New York Mellon
- Effective
- 2023-05-31
Exact text from the filing
On May 31, 2023, the New Notes were issued pursuant to the Indenture (the “Base Indenture”), dated as of May 31, 2023, between the Company and the Bank of New York Mellon (the “Trustee”), as trustee, as supplemented by the First Supplemental Indenture, dated as of May 31, 2023 (the “First Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), among the Company, Ovintiv Canada and the Trustee, setting forth specific terms applicable to the New Notes.
View on SEC.gov
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