RE: Credit Market is Thawing: That is good news You got that part right and maybe just the start IMO
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Husky Energy Inc (C-HSE) - News Release
Husky Energy arranges $1.5-billion (U.S.) note offering
2009-05-06 20:15 ET - News Release
Shares issued 849,406,778
HSE Close 2009-05-06 C$ 32.09
Ms. Sharon Murphy reports
HUSKY ENERGY ANNOUNCES A SUCCESSFUL SENIOR NOTES OFFERING
Husky Energy Inc. has agreed to issue $1.5-billion (U.S.) in senior unsecured notes. The senior notes will be issued in two tranches -- $750-million (U.S.), at 5.90 per cent, maturing on June 15, 2014, and $750-million (U.S.), at 7.25 per cent, maturing on Dec. 15, 2019. The transaction is expected to close on May 11, 2009, subject to customary closing conditions.
The offering is under a $3-billion (U.S.) shelf prospectus which was filed by Husky Energy in February, 2009, with the Alberta Securities Commission in Canada, and a registration statement filed with the U.S. Securities and Exchange Commission under the multijurisdictional disclosure system. The net proceeds from the issuance of the notes will be used to repay short-term debt and for general corporate purposes. The joint bookrunners for the offering were HSBC, Citi and RBC Capital Markets