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Husky Energy Announces Notes Offering

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CALGARY, Alberta, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Husky Energy (TSX: HSE) has agreed to issue pursuant to a public offering $1.25 billion Cdn of notes, which will mature on February 7, 2028 (the a??2028 Notesa??).The 2028 Notes have a coupon of 3.50% and have been rated BBB(high) with a negative trend by DBRS Limited, BBB by Standard & Poora??s, a division of S&P Global Inc., and Baa2 by Moodya??s Investor Services Inc.The net proceeds of this offering will be used for general corporate purposes, which may include, among other things, the repayment of Huskya??s $500 million unsecured non-revolving term loan credit facility. Husky may invest funds it does not immediately require in short-term marketable debt securities.The 2028 Notes were sold through a syndicate of agents led by RBC Capital Markets, CIBC Capital Markets and Scotia Capital Inc.
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