03:50 AM EST, 11/19/2025 (MT Newswires) -- Cenovus Energy ( CVE ) said late Wednesday it priced an offering of senior notes comprised of four tranches in Canadian and US dollar denominations.

The Canadian tranches are composed of 650 million Canadian dollars ($464.2 million) of 4.25% notes due March 20, 2033 and CA$550 million of 4.60% notes due Nov. 20, 2035.

The US tranches are comprised of $500 million of 4.65% notes due March 20, 2031 and $500 million of 5.40% notes due March 20, 2036.

The company aims to use the proceeds from the offering, which is expected to close on Thursday, to redeem its CA$750 million senior notes due 2027 and its $373 million senior notes due 2027, to redeem MEG Energy's $600 million of 5.875% senior notes due 2029, and for general corporate purposes.