Suncor C$3.6 billion cash tender offers
The company purchased certain debt securities
Davis Polk advised the dealer managers in connection with Suncor Energy Ventures Corporation’s cash tender offers for its outstanding 8.20% notes due 2027 and 6.000% notes due 2042 and Suncor Energy Inc.’s cash tender offers for its outstanding 3.00% Series 5 medium-term notes due 2026, 3.10% Series 6 medium-term notes due 2029, 5.39% Series 4 medium-term notes due 2037, 5.00% Series 7 medium-term notes due 2030, 5.35% notes due 2033, 5.95% notes due 2035, 5.95% notes due 2034 and 6.50% notes due 2038.
Suncor Energy Inc. (Suncor) is an integrated energy company headquartered in Calgary, Alberta, Canada. Suncor’s operations include oil sands development, production and upgrading; offshore oil and gas; petroleum refining in Canada and the United States; and the company’s Petro-Canada retail and wholesale distribution networks. Suncor is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. Suncor also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. Suncor Energy Ventures Corporation is a wholly owned subsidiary of Suncor.
The Davis Polk capital markets team included partner Byron B. Rooney and associates Jakub P. Jozwiak and Benjamin Guillon. The tax team included partner Mario J. Verdolini. All members of the Davis Polk team are based in the New York office.