TSX:HSE.PR.B - Post by User
Comment by
RagingBull3on Jun 11, 2020 7:32pm
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Post# 31141010
RE:Husky Liquidity
RE:Husky LiquidityI think Q2 going to be brutal..... Thank goodness for the Liquidity.
RagingBull3 wrote: https://stockhouse.com/news/press-releases/2020/04/20/husky-energy-cuts-2020-capital-spending-to-1-7-billion
"Husky continues to prioritize its balance sheet, supported by significant liquidity. As of the end of the first quarter, the Company had approximately $4.7 billion of liquidity, comprised of $1.3 billion in cash and $3.4 billion in available credit facilities.
Since the end of the first quarter, Husky has increased its liquidity with the recent addition of a $500 million term loan, increasing total liquidity towards $5.2 billion. The term loan proceeds have been used to repay syndicate drawings advanced to repay the maturing 5.0% notes on March 12, 2020.
The Company has no long-term debt maturities until 2022."