Husky Energy Announces Senior Unsecured Notes Offering
CALGARY, ALBERTA -- (Marketwired) -- 03/12/14 -- Husky Energy
(TSX:HSE) announced today that the Company has agreed to issue US$750
million in senior unsecured notes in a public offering. The notes
will bear interest at 4.00 percent and mature on April 15, 2024. The
transaction is expected to close on March 17, 2014, subject to
customary closing conditions.
The Company intends to use net proceeds of this offering for general
corporate purposes, which may include, among other things, the
purchase, redemption or payment of the Company's 5.90 percent notes
due in 2014. The net proceeds that are not utilized immediately will
be invested in short-term marketable securities.
The joint book-running managers for the offering are J.P. Morgan
Securities LLC, HSBC Securities (USA) Inc. and Morgan Stanley & Co.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such jurisdiction. Copies of the
prospectus supplement and accompanying prospectus relating to the
offering can be obtained from: J.P. Morgan Securities LLC, 383
Madison Avenue, New York, NY, 10179 or via phone at 212-834-4533,
from HSBC Securities (USA) Inc., HSBC Tower 3, 452 5th Avenue, New
York, NY, 10018 or via phone at 866-811-8049, or from Morgan Stanley
& Co. LLC, 180 Varick St. New York, NY, 10014 (Attn. Prospectus
Department) or via phone at 866-718-1649.
Husky Energy is one of Canada's largest integrated energy companies.
It is headquartered in Calgary, Alberta, Canada and is publicly
traded on the Toronto Stock Exchange under the symbol HSE and
Certain statements in this news release are forward-looking
statements or information (collectively "forward-looking
statements"), within the meaning of the applicable securities
legislation. Any statements that express, or involve discussions as
to, expectations, beliefs, plans, objectives, assumptions or future
events or performance (often, but not always, through the use of
words or phrases such as: "will likely result," "are expected to,"
"will continue," "is anticipated," "estimated," "intend," "plan,"
"projection," "could," "vision," "goals," "objective" and "outlook")
are not historical facts and may be forward-looking and may involve
estimates, assumptions and uncertainties which could cause actual
results or outcomes to differ materially from those expressed in the
forward-looking statements. In particular, the forward-looking
statements in this news release include the expected closing date of
the transaction and the intended use of proceeds.
Although Husky believes that the expectations reflected by the
forward-looking statements presented in this news release are
reasonable, Husky's forward-looking statements have been based on
assumptions and factors concerning future events that may prove to be
inaccurate. Those assumptions and factors are based on information
currently available to Husky about itself and the businesses in which
it operates. Information used in developing forward-looking
statements has been acquired from various sources including
third-party consultants, suppliers, regulators and other sources.
Husky's Annual Information Form filed with securities regulatory
authorities (accessible through the SEDAR website www.sedar.com and
the EDGAR website www.sec.gov) describes the risks, material
assumptions and other factors that could influence actual results and
which are incorporated herein by reference. Except as required by
applicable securities laws, Husky disclaims any intention or
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
Manager, Investor Relations
Husky Energy Inc.
Manager, Media & Issues
Husky Energy Inc.
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