Suncor announces tender offers for certain outstanding series of notes

Calgary, Alberta–(Newsfile Corp. – September 19, 2024) – Suncor Energy Inc. (TSX: SU) (NYSE: SU) (“Suncor”) today announced the commencement of tender offers to purchase for cash certain outstanding notes set out in the table below (collectively, the “Notes”) for an aggregate purchase price, excluding accrued and unpaid interest, of up to C$800 million (collectively, the “Tender Offers”).

	Title of security⁽¹⁾	CUSIP/ISIN	Capital amount Terrific	Maximum amount⁽²⁾	Acceptance priority level⁽³⁾	Par Retrieval Date⁽⁴⁾	Due date	reference Security	Bloomberg reference Page	Fixed spread⁽⁵⁾⁽⁶⁾
Tenders for Pool 1	6.50% bonds due 2038	867229AE6 / US867229AE68	954,042,000 US dollars	700,000,000 CAD	1	N/A	June 15, 2038	3.875% VAT due on August 15, 2034	FIT1	135
Tenders for Pool 1	6.80% bonds due 2038⁽⁷⁾	71644EAJ1 / US71644EAJ10	881,081,000 US dollars	700,000,000 CAD	2	N/A	May 15, 2038	3.875% VAT due on August 15, 2034	FIT1	140
Tenders for Pool 2	3.10% Series 6 Medium Term Notes due 2029	86721ZAP4 / CA86721ZAP41	78,743,000 CAD	100,000,000 CAD	1	February 24, 2029	May 24, 2029	2.25% Canadian Government Bond due June 1, 2029	Suitable for CAN0-50	120
	3.00% Series 5 Medium Term Notes due 2026	86721ZAM1 / CA86721ZAM10	115,182,000 CAD		2	June 14, 2026	14 September 2026	1.50% Canadian Government Bond due June 1, 2026	Suitable for CAN0-50	70
	6.00% bonds due 2042⁽⁸⁾	13643EAH8, C18885AF7 / US13643EAH80, USC18885AF71	31,625,000 US dollars		3	October 1, 2041	1 April 2042	4.125% VAT due on August 15, 2044	FIT1	200
	5.35% bonds due 2033⁽⁷⁾	716442AH1 / US716442AH16	118,367,000 US dollars		4	N/A	July 15, 2033	3.875% VAT due on August 15, 2034	FIT1	105
	5.95% bonds due 2035⁽⁷⁾	71644EAG7 / US71644EAG70	199,271,000 US dollars		5	N/A	May 15, 2035	3.875% VAT due on August 15, 2034	FIT1	125
	5.00% Series 7 Medium Term Notes due 2030	86721ZAQ2 / CA86721ZAQ24	154,041,000 CAD		6	January 9, 2030	9 April 2030	1.25% Canadian Government Bond due June 1, 2030	Suitable for CAN0-50	125
	5.39% Medium-Term Notes Series 4 due 2037	86721ZAB5 / CA86721ZAB54	279,124,000 CAD		7	N/A	March 26, 2037	2.75% Canadian Government Bond due December 1, 2055	Suitable for CAN0-50	165