Suncor Energy Completes $5B Revolving Syndicated Credit Facilities

Suncor Energy Inc. closed its new $5 billion revolving syndicated credit facilities provided by a syndicate of lenders with Royal Bank of Canada as administrative agent. RBC Capital Markets, TD Securities, Canadian Imperial Bank of Commerce, HSBC Bank Canada and DNB Markets, Inc. acted as co-lead arrangers and joint bookrunners for the credit facilities.

Suncor is an integrated energy company with operations including oil sands development and upgrading, and production.

Suncor was represented by internal counsel, Shawn Poirier and Matthew Webster, and by its external counsel, Blake, Cassels & Graydon LLP, with a team led by Michael McIntosh (financial services, Calgary) and which included Nick Tropak and Andrew Kolody (financial services, Calgary) and Cliff Sosnow (international trade, Ottawa).

The lenders were represented by Burnet, Duckworth & Palmer LLP, with a team led by John Wilmot (financial services) and which included Nicole Cramer (financial services).