DBRS Rates Husky Energy’s New Issue at A (low), Stable

DBRS has today assigned a rating of A (low) with a Stable trend to Husky Energy Inc.’s (Husky) issuance of USD 750 million of Senior Unsecured Notes (the Notes), maturing April 15, 2024. The Notes settled on March 17, 2014.

The Notes were issued pursuant to a short form base shelf prospectus dated October 31, 2013, as supplemented by a prospectus supplement dated March 12, 2014. The Notes will rank equally with all of Husky’s other unsecured and unsubordinated indebtedness. Net proceeds from the sale of the Notes will be used by Husky for the purchase, redemption or payment of Husky’s outstanding 5.90% Notes due 2014.

Note:
All figures are in U.S. dollars unless otherwise noted.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

The applicable methodology is Rating Companies in the Oil and Gas Industry (July 2013), which can be found on our website under Methodologies.