---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-276058"
form_type: "8-K"
ticker: "OVV"
cik: "0001792580"
company_name: "Ovintiv Inc."
filed_at: "2024-12-12T23:59:59+00:00"
generated_at: "2026-05-29T04:13:07.583519+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ovintiv enters $2.5B in term loans to partly fund Montney acquisition from Paramount Resources

## Summary
- $1.5B 364-day asset-sale term loan and $1.0B two-year term loan entered on Dec 10, 2024.
- Loans intended to partially finance the previously announced Montney Acquisition from Paramount Resources Ltd.
- Interest at Base Rate or Adjusted Term SOFR plus margins tied to Ovintiv's credit ratings.
- Existing U.S. and Canadian credit agreements amended to extend maturity to December 10, 2029.
- Covenants include debt-to-capitalization ratio not exceeding 60%; guaranteed by Ovintiv Canada ULC.

## SEC filing metadata
- accession: 0001193125-24-276058
- form_type: 8-K
- ticker: OVV
- cik: 0001792580
- company_name: Ovintiv Inc.
- filed_at: 2024-12-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1792580/000119312524276058/0001193125-24-276058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1792580/000119312524276058/d610393d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-276058
- JSON: https://secwatch.observer/filing/0001193125-24-276058.json
- Plain text: https://secwatch.observer/filing/0001193125-24-276058.txt

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