Ovintiv Inc. Terminates Material Definitive Agreement

Ticker: OVV · Form: 8-K · Filed: 2025-01-22T00:00:00.000Z

Sentiment: neutral

Topics: agreement-termination, corporate-event

TL;DR

Ovintiv just terminated a big deal. Big changes coming.

AI Summary

Ovintiv Inc. announced on January 22, 2025, the termination of a material definitive agreement. The company, formerly known as Alberta ULC, is incorporated in Delaware and headquartered in Denver, Colorado. This filing is a current report under the Securities Exchange Act of 1934.

Why It Matters

The termination of a material definitive agreement can significantly impact a company's operations, financial standing, and future strategic direction.

Risk Assessment

Risk Level: medium — Termination of a material definitive agreement can introduce uncertainty and potential financial repercussions.

Key Numbers

001-39191 — Commission File Number (Identifies the company's filing with the SEC)
84-4427672 — IRS Employer Identification No. (Tax identification number for the company)

Key Players & Entities

Ovintiv Inc. (company) — Registrant
Alberta ULC (company) — Former company name
January 22, 2025 (date) — Date of earliest event reported
Delaware (jurisdiction) — State of incorporation
Denver, Colorado (location) — Principal Executive Offices

FAQ

What specific material definitive agreement was terminated by Ovintiv Inc.?

The filing states that a material definitive agreement was terminated, but does not specify which agreement.

When was the termination of the material definitive agreement effective?

The earliest event reported is January 22, 2025, which is the date of the report.

What is the primary business of Ovintiv Inc.?

Ovintiv Inc. is in the Crude Petroleum & Natural Gas industry, SIC code 1311.

Where is Ovintiv Inc. headquartered?

Ovintiv Inc.'s principal executive offices are located at Suite 1700, 370 17th Street, Denver, Colorado, 80202.

What was Ovintiv Inc.'s former name?

Ovintiv Inc.'s former name was Alberta ULC.

From the Filing

0000950170-25-007870.txt : 20250122 0000950170-25-007870.hdr.sgml : 20250122 20250122171127 ACCESSION NUMBER: 0000950170-25-007870 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250122 ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250122 DATE AS OF CHANGE: 20250122 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: 25546781 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 ovv-20250122.htm 8-K 8-K false 0001792580 0001792580 2025-01-22 2025-01-22   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): January 22, 2025     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) (IRS Employer Identification No.)           Suite 1700, 370 17th Street   Denver , Colorado   80202 (Address of Principal Executive Offices)   (Zip Code)   Registrant’s Telephone Number, Including Area Code: 303 623-2300   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 1.02 Termination of a Material Definitive Agreement. As previously disclosed, on December 10, 2024, Ovintiv Inc. (“Ovintiv”) entered into an Asset-Sale Term Credit Agreement by and among Ovintiv, as Borrower, JPMorgan Chase Bank, N.A., as Administrative Agent, and the lenders party thereto (the “Credit Agreement”), intended to partially finance the previously announced acquisition by Ovintiv of assets from Paramount Resources Ltd. (the “Montney Acquisition”). On January 22, 2025, the commitments under the Credit Agreement t