Suncor Energy announces $1 billion medium term note offering

Executive Summary

• Suncor Energy priced a $1 billion senior unsecured notes offering consisting of two equal tranches (Series 11 due 2027 at 2.95% and Series 12 due 2030 at 3.55%).
• The net proceeds are earmarked to repay existing debt, improving the company’s balance‑sheet profile.
• Closing is expected on November 14, 2025; the notes are being sold through a syndicate led by TD Securities, CIBC Capital Markets, RBC Capital Markets and Scotia Capital under Suncor’s short‑form base shelf prospectus.

Key Details

• Total principal amount: $1 billion CAD.
• Tranche 1 – Series 11 Medium Term Notes:
• Principal: $500 million CAD
• Maturity: November 14, 2027
• Coupon: 2.95%
• Tranche 2 – Series 12 Medium Term Notes:
• Principal: $500 million CAD
• Maturity: November 14, 2030
• Coupon: 3.55%
• Use of proceeds: Repayment of existing debt obligations.
• Offering structure: Senior unsecured notes; pricing supplements dated November 6, 2025; short‑form base shelf prospectus dated June 4, 2024.
• Syndicate lead managers: TD Securities, CIBC Capital Markets, RBC Capital Markets, Scotia Capital.
• Expected closing date: November 14, 2025, subject to customary conditions.

Notable Quotes

(No executive quotes were included in the release.)