DBRS Rates Husky Energy Inc.’s New Issues at A (low), Stable
DBRS has today assigned a rating of A (low) with a Stable trend to the following new debt issues of Husky Energy Inc. (Husky):
(1) Proposed $300 million 3.75% unsecured medium-term notes (Notes) maturing March 12, 2015.
(2) Proposed $400 million 5.00% Notes maturing March 12, 2020.
The new debt issues are expected to settle on March 12, 2010.
The Notes will rank equally with all of Husky’s other senior unsecured indebtedness. Net proceeds from the issue will be used to repay borrowings under Husky’s credit facility and general corporate purposes.
Notes:
All figures are in Canadian dollars unless otherwise noted.
The applicable methodology is Rating Oil and Gas Companies, which can be found on our website under Methodologies.
This is a Corporate rating.
For more information on this credit or on this industry, visit www.dbrs.com or contact us at info@dbrs.com.