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Published on 8/6/2020 in the Prospect News Canadian Bonds Daily and Prospect News Investment Grade Daily.

New Issue: Husky Energy prices C$1.25 billion 3.5% notes due 2028

Chicago, Aug. 6 – Husky Energy Inc. priced C$1.25 billion of 3.5% notes due Feb. 7, 2028 (Baa2/BBB//DBRS: BBB), according to a 6-K filing with the Securities and Exchange Commission.

Agents for the Regulation S offering are RBC Capital Markets, CIBC Capital Markets and Scotia Capital Inc.

Proceed will be used for general corporate purposes, which may include repayment of Husky’s $500 million term loan.

The energy company is based in Calgary, Alta.

Issuer:Husky Energy Inc.
Amount:C$1.25 billion
Description:Notes
Maturity:Feb. 7, 2028
Bookrunners:RBC Capital Markets, CIBC Capital Markets and Scotia Capital Inc.
Coupon:3.5%
Announcement date:Aug. 6
Settlement date:Aug. 7
Ratings:Moody’s: Baa2
S&P: BBB
DBRS: BBB
Distribution:Regulation S

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