On March 3, 2015, Cenovus Energy Inc. completed a $1.5 billion cross-border public offering of 67,500,000 common shares at a price of $22.25 per share.
The offering was conducted concurrently in Canada and the US pursuant to the multi-jurisdictional disclosure system and was made through a syndicate of underwriters led by RBC Dominion Securities Inc. and TD Securities Inc., and including BMO Nesbitt Burns Inc., CIBC World Markets Inc., Scotia Capital Inc., Barclays Capital Canada Inc., J.P. Morgan Securities Canada Inc., Merrill Lynch Canada Inc., Credit Suisse Securities (Canada) Inc., Morgan Stanley Canada Limited, AltaCorp Capital Inc., BNP Paribas (Canada) Securities Inc., Desjardins Securities Inc., Cormark Securities Inc., FirstEnergy Capital Corp., Macquarie Capital Markets Canada Ltd., National Bank Financial Inc., Peters & Co. Limited, Raymond James Ltd. and UBS Securities Canada Inc.
Cenovus Energy Inc. was represented by an in-house team consisting of Kerry Dyte, QC, Executive Vice-President, General Counsel & Corporate Secretary, Gary Molnar, Vice-President, Legal & Assistant Corporate Secretary, and Colin Ritchie, Senior Legal Counsel, Bennett Jones LLP, acting as lead external counsel to Cenovus, with a team led by John Piasta (capital markets and securities), and including Harinder Basra (capital markets and securities), Karen Keck (capital markets and corporate commercial) and Anu Nijhawan (tax). Cenovus Energy was also represented by Paul, Weiss, Rifkind, Wharton & Garrison LLP, acting as US counsel to Cenovus, with a team led by Andrew Foley (capital markets), and including Stephen Centa (capital markets), Emelia Baack (capital markets), David Sicular (tax), Robert Killip (tax) and William O’Brien (environmental).
The underwriters were represented by Norton Rose Fulbright Canada LLP, as Canadian counsel, with a team led by Kevin Johnson, QC (corporate finance and securities), and including Don Tse (corporate finance and securities), Kathleen Cowick (corporate finance and securities) and Saptarshi Chakraborty (corporate finance and securities) and Dion Legge (tax), and by Shearman & Sterling LLP, as US counsel, with a team led by Jason Lehner (capital markets), and including Larry Crouch (tax), Kevin Roggow (capital markets), Jason Pratt (environmental), Bilal Choksi (capital markets) and Joanna Enns (capital markets).