We advised the dealer managers on the transactions

Davis Polk advised the dealer managers in connection with Suncor Energy Inc.’s C$1.1 billion aggregate cash tender offers for its outstanding 6.50% notes due 2038, 6.80% notes due 2038, 3.10% Series 6 medium-term notes due 2029, 3.00% Series 5 medium-term notes due 2026, 6.00% notes due 2042, 5.35% notes due 2033, 5.95% notes due 2035, 5.00% Series 7 medium-term notes due 2030 and 5.39% Series 4 medium-term notes due 2037.

Suncor Energy is Canada’s leading integrated energy company. Suncor’s operations include oil sands development, production and upgrading; offshore oil production; petroleum refining in Canada and the United States; and the company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging EV stations). Suncor is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. Suncor also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.

The Davis Polk capital markets team included partners Stephen A. Byeff and Byron B. Rooney and associates Benjamin Guillon, Miranda Kantor and David Giordano. The tax team included partner Mario J. Verdolini and associates Ted Lee and Ryan Powers. All members of the Davis Polk team are based in the New York office.

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