trending Market Intelligence /marketintelligence/en/news-insights/trending/5zamHCCxB8OYq0RQp1hoRg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Husky Energy prices $750M of notes

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August


Husky Energy prices $750M of notes

Husky Energy Inc. on March 13 priced $750 million of 4.40% senior unsecured notes due April 15, 2029.

Husky plans to use proceeds from the sale to repay certain outstanding debt securities maturing in 2019 and for general corporate purposes.

The Alberta, Canada-headquartered company may invest funds it does not immediately require in short-term marketable debt securities. The transaction is expected to close March 15.

Interest on the debentures is payable semiannually on April 15 and Oct. 15 of each year, beginning Oct. 15 of 2019. The notes have a spread to benchmark Treasury of 180 basis points and were expected to be rated Baa2 by Moody's and BBB by S&P Global Ratings, according to a March 13 free writing prospectus.

J.P. Morgan Securities LLC, Barclays Capital Inc., Goldman Sachs & Co. LLC and Merrill Lynch Pierce Fenner & Smith Inc. acted as joint book-running managers.

CIBC World Markets Corp., MUFG Securities America Inc., 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 served as co-managers.