Event Publicly Available Information:
As previously announced, on January 24, 2020, Encana Corporation (“Encana”) completed its reorganization transactions (the “Reorganization”) pursuant to which, among other things, Ovintiv Inc. (“Ovintiv”) became the parent company of Encana and its subsidiaries. In connection with the Reorganization, pursuant to the Assumption Supplemental Indentures (as defined below), (i) Ovintiv assumed Encana’s obligations under the Indentures (as defined below) and the Notes (as defined below), (ii) Ovintiv succeeded to, and was substituted for, Encana under the Indentures and (iii) Encana was discharged of its obligations under the Indentures and the Notes.
| Date | Description | Document |
|---|---|---|
| Closed | Americas DC Decision - Issue 2020013001 (Encana Corporation) 03/09/2020 Americas DC Statement - Issue 2020013001 (Encana Corporation) 03/09/2020 | |
| Closed | DC Statement February 14, 2020 The DC determined that Ovintiv Inc. and Ovintiv Canada ULC (formerly known as Encana Corporation) each became a Successor to Encana Corporation on January 24, 2020 pursuant to Section 2.2(a)(iv) of the 2014 ISDA Credit Derivatives Definitions and Section 2.2(a)(iv) of the Updated 2003 ISDA Credit Derivatives Definitions, as applicable. Market Participants should therefore review Section 2.2(n) of the 2014 ISDA Credit Derivatives Definitions or Section 2.2(e) of the Updated 2003 ISDA Credit Derivatives Definitions, as applicable, to determine the implications for Credit Derivatives Transactions specifying Encana Corporation as the Reference Entity. Americas DC Decision - Issue 2020013001 (Encana Corporation) 02/14/2020 | |
| Vote Deferred | Americas DC Decision - Issue 2020013001 (Encana Corporation) 02/03/2020 | |
| Request Accepted by DC | ||
| Pending DC Consent |