New Issue: Husky Energy prices $750 million 4% 10-year notes at 130 bps spread

By Aleesia Forni

Virginia Beach, March 12 - Husky Energy Inc. priced $750 million of senior notes due 2024 with a spread of Treasuries plus 130 basis points, according to a market source and an FWP filed with the Securities and Exchange Commission.

The notes (Baa2/BBB+/) priced at 99.791 to yield 4.025%.

Pricing was at the tight end of talk.

J.P. Morgan Securities LLC, HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC are the bookrunners.

Proceeds will be used for general corporate purposes, which may include the purchase, redemption or payment of the company's outstanding 5.90% notes due 2014.

The petroleum company is based in Calgary, Alta.

Issuer:	Husky Energy Inc.
Amount:	$750 million
Description:	Senior notes
Maturity:	April 15, 2024
Bookrunners:	J.P. Morgan Securities LLC, HSBC Securities (USA) Inc., Morgan Stanley & Co. LLC
Co-managers:	CIBC World Markets Corp., RBC Capital Markets, LLC, Barclays, BMO Capital Markets Corp., Citigroup Global Markets Inc., Goldman, Sachs & Co., BofA Merrill Lynch, Scotia Capital (USA) Inc., TD Securities (USA) LLC, SMBC Nikko Securities America, Inc.
Coupon:	4%
Price:	99.791
Yield:	4.025%
Spread:	Treasuries plus 130 bps
Trade date:	March 12
Settlement date:	March 17
Ratings:	Moody's: Baa2
	Standard & Poor's: BBB+
Price talk:	Treasuries plus 135 bps area, tightened from Treasuries plus low-140 bps area
Make-whole call:	Treasuries plus 20 bps prior to Jan. 15, 2024, then callable at par
Distribution:	SEC-registered

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