Husky Energy Closes Notes Offering
OREANDA-NEWS. Husky Energy has completed its recently announced public offering of USD 750 million principal amount of notes, which will mature on March 12, 2025 (the "2025 Notes").
The 2025 Notes have a coupon of 3.55 percent and have been assigned a credit rating of BBB+ by Standard & Poor's, Baa2 with a stable outlook by Moody's and A (low) with a stable trend by DBRS.
The net proceeds of the offering will be used for the partial repayment of short term debt incurred in connection with the Company's U.S. refining operations.
The notes were offered through a syndicate of agents led by CIBC World Markets Inc., BMO Nesbitt Burns Inc. and HSBC Securities (Canada) Inc. They were issued under Husky's short form base shelf prospectus dated February 23, 2015 and filed with securities regulatory authorities in Canada.
This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in the U.S. The 2025 Notes have not been and will not be registered under the U.S. Securities Act of 1933. The 2025 Notes are being offered and sold only outside the United States to non-U.S. Persons (as those terms are defined under Regulation S under the U.S. Securities Act) and may not be offered, sold, pledged or otherwise transferred in the United States or to U.S. Persons absent registration or an applicable exemption from the registration requirements under the U.S. Securities Act.
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