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Stock impact report

Suncor Energy announces $750 million medium term note offering

Suncor Energy Inc. (SU) 
Last suncor energy inc. earnings: 2/5 07:15 pm Check Earnings Report
US:NYSE Investor Relations: suncor.com/investor-centre
Company Research Source: GlobeNewswire
All financial figures are in Canadian dollars. CALGARY, Alberta, May 22, 2019 (GLOBE NEWSWIRE) -- Suncor announced today that it will issue $750 million of senior unsecured Series 6 Medium Term Notes due on May 24, 2029 (the “Notes”). The Notes will have a coupon of 3.10% and have been priced at $99.761 per $100 of Notes to yield 3.128%. The offering is expected to close on May 24, 2019, subject to customary closing conditions. Suncor intends to use the net proceeds from the sale of the Notes to refinance or repay existing debt of Suncor and its subsidiaries.  The Notes are being offered through a syndicate of dealers led by CIBC Capital Markets, RBC Capital Markets, and TD Securities Inc. under Suncor's short form base shelf prospectus dated June 8, 2018 and a related pricing supplement dated May 22, 2019. This news release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes in any jurisdiction. The Notes have not been approved o Show less Read more
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