Suncor plans to redeem $1.25 billion 6.1% notes due 2018 on April 28

By Wendy Van Sickle

Columbus, Ohio, Feb. 27 – Suncor Energy Inc. will redeem its outstanding $1.25 billion of 6.1% senior notes due 2018, according to a press release.

The company said it will redeem the notes on April 26 at a redemption price that is in accordance with the note indenture.

Suncor said the redemption will be largely funded by proceeds of its asset divestments realized earlier this year.

Suncor is a Calgary, Alta., energy company.

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