Cenovus Energy C$1.5 billion common share offering

March 3, 2015

Client: RBC Capital Markets

On March 13, 2015, Cenovus Energy Inc., a Canadian integrated oil company, completed a public offering of common shares in Canada and the U.S.  A total of 67.5 million common shares were issued at a price of $22.25 per share for gross proceeds of approximately $1.5 billion.

The offering was made through a syndicate of underwriters led by RBC Capital Markets and TD Securities Inc.  Norton Rose Fulbright acted as Canadian counsel for the underwriters.  The team was led by Kevin Johnson and included Don Tse, Kathleen Cowick, Saptarshi Chakraborty and Dion Legge.