OREANDA-NEWS. Husky Energy announced today that the Company has agreed to issue USD 750 million in senior unsecured notes in a public offering. The notes will bear interest at 4.00 percent and mature on April 15, 2024. The transaction is expected to close on March 17, 2014, subject to customary closing conditions.

The Company intends to use net proceeds of this offering for general corporate purposes, which may include, among other things, the purchase, redemption or payment of the Company's 5.90 percent notes due in 2014. The net proceeds that are not utilized immediately will be invested in short-term marketable securities.

The joint book-running managers for the offering are J.P. Morgan Securities LLC, HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC.