Suncor CAD 2.878 Billion Common Stock Offering
Davis Polk advised the co-lead underwriters in connection with an SEC-registered offering by Suncor Energy Inc. (“Suncor”) of 82,225,000 shares of its common stock. Included in the shares are 10,725,000 shares sold by Suncor pursuant to the underwriters’ exercise in full of their option to purchase additional shares. The common stock is listed on the NYSE and the TSX under the symbol “SU.”
Based in Calgary, Alberta, Canada, Suncor is an integrated energy company and is strategically focused on developing one of the world’s largest petroleum resource basins – Canada’s Athabasca oil sands. Suncor also explores for, acquires, develops, produces and markets crude oil and natural gas in Canada and internationally.
The Davis Polk corporate team included partners Michael Kaplan and Byron B. Rooney and associates Julia Danforth, Paul J. Connell and Brian Fox. The tax team included partner Rachel D. Kleinberg and associate Vinay Prabhakar. The environmental team included counsel David A. Zilberberg and associate Michael Comstock. Members of the Davis Polk team are based in the New York and Northern California offices.