Date Closed

October 7, 2022

Lead Office

Calgary

Value

3.60 Billion CAD

On October 7, 2022, Suncor Energy Inc. and Suncor Energy Ventures Holding Corporation settled their C$3.6 billion tender offer for notes. The transaction was jointly led by CIBC World Markets, J.P. Morgan Securities, RBC Capital Markets and TD Securities (collectively, the “Joint-Lead Dealer Mangers”).

Suncor, headquartered in Calgary, Alberta, is Canada’s leading integrated energy company. Suncor’s operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States and Suncor’s Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging EV stations.

McCarthy Tétrault advised the Joint-Lead Dealer Managers with a team led by Alyson Goldman that included Jessica Brown, Simran Choongh and Karsten Carriere (Business).