Husky Energy extends early tender premium to all participants in offer for 8.9% capital securities

By Angela McDaniels

Tacoma, Wash., June 26 - Husky Energy Inc. modified the tender offer for its 8.9% capital securities due Aug. 15, 2028 so that all holders who tender will receive $1,010 per $1,000 principal amount of securities, according to a company news release.

Previously, only holders who tendered by the early deadline - 5 p.m. ET on June 25 - would receive $1,010 and holders who tendered after that were slated to receive par.

Holders who tender will also receive accrued interest up to but excluding the settlement date.

Husky Energy said that as of June 25, $208.05 million, or 92.5%, of the $225 million notes had been tendered.

The offer began on June 12, will expire at 12:01 a.m. ET on July 11 and is being run through direct subsidiary Husky Oil Operations Ltd.

The company said it will redeem any securities not tendered and that it will issue a notice of redemption "as soon as practicable" after the tender offer expires.

The offer is not conditioned on a minimum amount of securities being tendered.

Citi (800 558-3745 or 212 723-6106) is the dealer manager, and Global Bondholder Services Corp. (212 430-3774 or 866 294-2200) is the depositary and information agent.

Husky Energy is an integrated energy and energy-related company based in Calgary, Alta.

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