New Issue: Husky Energy prices $750 million 4.4% 10-year notes at 180 bps spread

By Cristal Cody

Tupelo, Miss., March 13 – Husky Energy Inc. priced $750 million of 4.4% 10-year notes (Baa2/BBB) on Wednesday at a spread of Treasuries plus 180 basis points, according to an FWP filing with the Securities and Exchange Commission.

The notes priced at 99.939 to yield 4.407%.

J.P. Morgan Securities LLC, Barclays, Goldman Sachs & Co. LLC and BofA Merrill Lynch were the bookrunners.

Husky Energy held fixed income investor calls on Tuesday.

Proceeds from the deal will be used for general corporate purposes.

The energy company is based in Calgary, Alta.

Issuer:	Husky Energy Inc.
Amount:	$750 million
Description:	Notes
Maturity:	April 15, 2029
Bookrunners:	J.P. Morgan Securities LLC, Barclays, Goldman Sachs & Co. LLC and BofA Merrill Lynch
Co-managers:	CIBC World Markets Corp., MUFG, RBC Capital Markets, LLC, BMO Capital Markets Corp., Mizuho Securities USA LLC, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc. and TD Securities (USA) LLC
Coupon:	4.4%
Price:	99.939
Yield:	4.407%
Spread:	Treasuries plus 180 bps
Call features:	Make-whole call before Jan. 15, 2029 at Treasuries plus 30 bps; thereafter at par
Trade date:	March 13
Settlement date:	March 15
Ratings:	Moody’s: Baa2
	S&P: BBB
Distribution:	SEC registered
Marketing:	Fixed income investor calls

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.