Ovintiv Inc. (OVV): debt financing — Ovintiv enters $1.2B term credit agreement to finance NuVista acquisition

Ovintiv Inc.

Two-year term loan facility of up to $1.2 billion entered on Nov 25, 2025.
Loan funds substantially concurrently with closing of NuVista Energy Ltd. acquisition.
Interest at Base Rate/Cdn Prime Rate plus 0-100 bps or Term SOFR/Adjusted CORRA plus 100-200 bps based on credit ratings.
Covenant requires consolidated debt to capitalization ratio not to exceed 60% at fiscal quarter end.
Parent guarantee and default provisions with 50% lender acceleration rights.

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 term loan of up to $1.2 billion with JPMorgan Chase Bank, N.A., Toronto Branch, as Administrative Agent at Base Rate or Canadian Prime Rate ... plus an applicable margin ranging from 0.0 maturing second anniversary of the Funding Date.

Instrument: term loan
Principal: up to $1.2 billion
Counterparty: JPMorgan Chase Bank, N.A., Toronto Branch, as Administrative Agent
Rate: Base Rate or Canadian Prime Rate ... plus an applicable margin ranging from 0.0
Maturity: second anniversary of the Funding Date
Event: incurrence

Exact text from the filing

provides for a two-year term loan facility in an aggregate principal amount of up to $1.2 billion

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Source: SEC EDGAR

accession 0001193125-25-304036

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