Ovintiv Inc. Enters Material Definitive Agreement

Ticker: OVV · Form: 8-K · Filed: 2024-12-12T00:00:00.000Z

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

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.

From the Filing

0001193125-24-276058.txt : 20241212 0001193125-24-276058.hdr.sgml : 20241212 20241211194854 ACCESSION NUMBER: 0001193125-24-276058 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20241210 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241212 DATE AS OF CHANGE: 20241211 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ovintiv Inc. CENTRAL INDEX KEY: 0001792580 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39191 FILM NUMBER: 241542875 BUSINESS ADDRESS: STREET 1: 370 - 17TH STREET, SUITE 1700 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: (303) 623-2300 MAIL ADDRESS: STREET 1: 370 - 17TH STREET, SUITE 1700 CITY: DENVER STATE: CO ZIP: 80202 FORMER COMPANY: FORMER CONFORMED NAME: 1847432 Alberta ULC DATE OF NAME CHANGE: 20191029 8-K 1 d610393d8k.htm 8-K 8-K false 0001792580 0001792580 2024-12-10 2024-12-10     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): December 10, 2024     Ovintiv Inc. (Exact Name of Registrant as Specified in its Charter)       Delaware   001-39191   84-4427672 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)   Suite 1700 , 370 17th Street Denver , Colorado   80202 (Address of principal executive offices)   (Zip Code) (303) 623-2300 (Registrant’s telephone number, including area code) Not Applicable (Former Name or Former Address, if Changed Since Last Report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock, par value $0.01 per share   OVV   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       ITEM 1.01 Entry into a Material Definitive Agreement. Asset-Sale Term Credit Agreement and Two-Year Term Credit Agreement On December 10, 2024, Ovintiv Inc. (“Ovintiv”) entered into (i) an Asset-Sale Term Credit Agreement (the “Asset-Sale Term Credit Agreement”) and (ii) a Two-Year Term Credit Agreement (the “Two-Year Term Credit Agreement”), in each case, by and among Ovintiv, as Borrower, JPMorg

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