April 6 (Reuters) - Cenovus Energy Inc CVE.TO :
* Cenovus achieves key acquisition financing milestones
* Cenovus Energy Inc - acquisition is expected to close in Q2 of this year
* Cenovus Energy - issuing common shares to conocophillips and intends to use portion of existing cash on hand and available credit facility capacity to help finance acquisition
* Has fully committed bridge financing in place to manage timing differences in funding of transaction
* Cenovus Energy Inc - on closing of acquisition, company anticipates having approximately $4 billion in remaining liquidity, including $1 billion in cash on hand
* Cenovus Energy Inc - Cenovus expects to have capacity to generate 2018 free funds flow of approximately $500 million in a US$50 WTI price environment
* As part of plan to deleverage, strengthen balance sheet t, co expects to make additional asset divestitures as required Source text for Eikon: ID:nCCN3nXlY1 Further company coverage: CVE.TO