Husky Energy investors tender 95% of 8.9% notes due 2028

By Susanna Moon

Chicago, July 11 - Husky Energy Inc. said holders tendered $213,815,000 principal amount of the 8.9% capital securities due Aug. 15, 2028, or 95% of the outstanding notes.

The cash tender offer expired at 12:01 a.m. ET on July 11.

The company said on June 26 that all holders who tender would receive $1,010 per $1,000 note.

Previously, only holders who tendered by the early deadline of 5 p.m. ET on June 25 would receive $1,010 and holders who tendered after that would receive par.

Holders also will receive accrued interest to the settlement date.

Husky Energy said that as of June 25, $208.05 million, or 92.5%, of the $225 million notes had been tendered.

The offer began on June 12. It was run through direct subsidiary Husky Oil Operations Ltd.

The company said it will redeem any securities not tendered.

The offer was not conditioned on a minimum amount of securities being tendered.

Citi (800 558-3745 or 212 723-6106) was the dealer manager, and Global Bondholder Services Corp. (212 430-3774 or 866 294-2200) was the depositary and information agent.

Husky Energy is an integrated energy and energy-related company based in Calgary, Alta.

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