Ovintiv Inc.’s Registered Secondary Offering of Common Stock
September 27, 2023
Cravath represented the underwriter in connection with the $681.8 million registered secondary offering of common stock of Ovintiv Inc., a leading North American oil and natural gas exploration and production company. The shares were listed on the New York Stock Exchange and the Toronto Stock Exchange. The transaction closed on September 13, 2023.
The Cravath team included partner Michael E. Mariani and associates Gene Choi and Marc Francis on capital markets matters; associate Clayton Hackney on tax matters; partner Matthew J. Bobby and associate Bianca Hsing on executive compensation and benefits matters; and partner Matthew Morreale and associate Star S. Gulant on environmental matters.
Related Practices & Industries
People
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J.D., 2009, Columbia Law SchoolHarlan Fiske Stone Scholar
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M.B.A., 2009, Columbia University
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B.A., 2004, Tufts UniversityPhi Beta Kappa, summa cum laude
- New York
Education
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J.D., 2012, Harvard Law Schoolmagna cum laude
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M.A., 2009, University of Pennsylvania
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B.A., 2009, University of PennsylvaniaPhi Beta Kappa, summa cum laude
- New York
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J.D., 1997, Columbia Law SchoolHarlan Fiske Stone Scholar
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M.S., 1994, University of Pennsylvania
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B.A., 1990, University of Pennsylvania
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B.A.S., 1990, University of Pennsylvania
- New York
Education
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Related News & Insights
Deals & Cases
June 14, 2023
Ovintiv Inc.’s $2.3 Billion Senior Notes Offering
Cravath represented the underwriters in connection with the $2.3 billion senior notes offering of Ovintiv Inc., guaranteed by Ovintiv Canada ULC. Ovintiv Inc. is a leading North American oil and natural gas exploration and production company. Proceeds of the offering will be used to finance the acquisition of certain upstream oil and gas assets located in the Permian Basin. The transaction closed on May 31, 2023.
Deals & Cases
May 17, 2023
Ovintiv Inc.’s Term Loan Facility
Cravath represented the administrative agent, joint lead arrangers and joint bookrunners in connection with the arrangement of $825 million term loan facility made available to Ovintiv Inc. in connection with its pending acquisition of substantially all leasehold interest and related assets of Black Swan Oil & Gas, PetroLegacy Energy and Piedra Resources, which are portfolio companies of funds managed by EnCap Investments L.P., in a cash and stock transaction valued at approximately $4.275 billion. The financing closed on April 26, 2023.
