Ovintiv Inc. Enters Material Definitive Agreement
Ticker: OVV · Form: 8-K · Filed: Dec 12, 2024 · CIK: 1792580
| Field | Detail |
|---|---|
| Company | Ovintiv Inc. (OVV) |
| Form Type | 8-K |
| Filed Date | Dec 12, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.01, $1.5 billion, $1.0 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
Ovintiv just signed a big deal, creating a new financial obligation.
AI Summary
Ovintiv Inc. entered into a material definitive agreement on December 10, 2024, related to a direct financial obligation. The filing details the creation of this obligation under an off-balance sheet arrangement. Specific details regarding the nature of the agreement and the financial obligation are provided within the filing.
Why It Matters
This filing indicates a significant financial commitment or obligation for Ovintiv Inc., which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — Material definitive agreements and new financial obligations inherently carry risks related to their terms and potential impact on the company's financial health.
Key Players & Entities
- Ovintiv Inc. (company) — Registrant
- December 10, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- 001-39191 (identifier) — Commission File Number
- 84-4427672 (identifier) — I.R.S. Employer Identification No.
- 370 17th Street Suite 1700 Denver, Colorado 80202 (address) — Address of principal executive offices
- (303) 623-2300 (phone_number) — Registrant's telephone number
FAQ
What is the nature of the material definitive agreement entered into by Ovintiv Inc. on December 10, 2024?
The filing indicates the entry into a material definitive agreement and the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement. Specific details are expected to be elaborated within the full document.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is December 10, 2024.
What is Ovintiv Inc.'s state of incorporation and commission file number?
Ovintiv Inc. is incorporated in Delaware and its commission file number is 001-39191.
Where are Ovintiv Inc.'s principal executive offices located?
Ovintiv Inc.'s principal executive offices are located at Suite 1700, 370 17th Street, Denver, Colorado 80202.
What is the IRS Employer Identification Number for Ovintiv Inc.?
The IRS Employer Identification Number for Ovintiv Inc. is 84-4427672.
Filing Stats: 1,630 words · 7 min read · ~5 pages · Grade level 12.2 · Accepted 2024-12-11 19:48:54
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share OVV New York Stock Exchan
- $1.5 billion — ity in an aggregate principal amount of $1.5 billion and the Two-Year Term Credit Agreement
- $1.0 billion — ity in an aggregate principal amount of $1.0 billion (each, a "Term Loan Facility" and, coll
Filing Documents
- d610393d8k.htm (8-K) — 38KB
- d610393dex101.htm (EX-10.1) — 576KB
- d610393dex102.htm (EX-10.2) — 573KB
- d610393dex103.htm (EX-10.3) — 799KB
- d610393dex104.htm (EX-10.4) — 98KB
- 0001193125-24-276058.txt ( ) — 2652KB
- ovv-20241210.xsd (EX-101.SCH) — 3KB
- ovv-20241210_lab.xml (EX-101.LAB) — 18KB
- ovv-20241210_pre.xml (EX-101.PRE) — 11KB
- d610393d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Exhibit Description Exhibit 10.1* Asset-Sale Term Credit Agreement, dated as of December 10, 2024, among Ovintiv, as Borrower, JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders party thereto. Exhibit 10.2* Two-Year Term Credit Agreement, dated as of December 10, 2024, among Ovintiv, as Borrower, JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders party thereto. Exhibit 10.3* Amendment No. 1 to Amended and Restated Credit Agreement, dated as of December 10, 2024, between Ovintiv, as Borrower, Ovintiv Canada, as Guarantor, JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders party thereto. Exhibit 10.4* Second Amending Agreement to Amended and Restated Credit Agreement, dated as of December 10, 2024, among Ovintiv Canada, as Borrower, Ovintiv, as Guarantor, the financial institutions party thereto, as lenders, and Royal Bank of Canada, as Administrative Agent. Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Certain annexes, schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. Ovintiv hereby undertakes to furnish supplemental copies of any of the omitted annexes, schedules and exhibits upon request by the Securities and Exchange Commission. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: December 11, 2024 OVINTIV INC. (Registrant) By: /s/ Dawna I. Gibb Name: Dawna I. Gibb Title: Assistant Corporate Secretary