Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Ovintiv Inc. completed a disposition involving MidCon II BuyerCo, LLC for $2.9 billion in cash (closed 2026-04-09).
- Action
- disposition
- Counterparty
- MidCon II BuyerCo, LLC
- Consideration
- $2.9 billion in cash
- Closing
- 2026-04-09
Exact text from the filing
360,000 net acres located in west-central Oklahoma (the “Anadarko Sale”). On April 9, 2026, Ovintiv completed the Anadarko Sale. The Buyer paid aggregate consideration of $2.9 billion in cash after preliminary closing adjustments. The Anadarko Sale has an effective date of January 1, 2026. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 news release Ovintiv
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Ovintiv Inc. terminated Two-Year Term Credit Agreement with JPMorgan Chase Bank, N.A., Toronto Branch valued at C$1.57 billion (effective 2026-04-10).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A., Toronto Branch
- Value
- C$1.57 billion
- Effective
- 2026-04-10
Exact text from the filing
As previously disclosed, on November 25, 2025, Ovintiv Canada ULC (“Ovintiv Canada”) entered into a Two-Year Term Credit Agreement by and among Ovintiv Canada, as borrower, Ovintiv Inc. (“Ovintiv”), as parent, JPMorgan Chase Bank, N.A., Toronto Branch, as administrative agent, and the lenders party thereto (the “Credit Agreement”), to finance the cash consideration for the acquisition of all the outstanding common shares of NuVista Energy Ltd. (“NuVista”), which closed on February 3, 2026. Following the closing of the Anadarko Sale (defined below), Ovintiv intends to repay C$1.57 billion under the Credit Agreement plus applicable interest on April 10, 2026, representing all outstanding obligations thereunder, and will terminate the Credit Agreement.
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