Husky Energy Inc. completes US$500 million senior unsecured notes offering

Date Closed: 3/22/2012

Value: US$500 million

On March 22, 2012, Husky Energy Inc. (Husky) completed the issuance of US$500 million of senior unsecured notes (the Notes) in a public offering (the Offering). The Notes bear interest at 3.950% and mature on April 15, 2022.

The joint book-running managers for the Offering were Citigroup Global Markets Inc., Barclays Capital Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated with CIBC World Markets Corp., HSBC Securities (USA) Inc., RBC Capital Markets LLC, TD Securities (USA) LLC, Scotia Capital (USA) Inc., BMO Capital Markets Corp., Deutsche Bank Securities Inc., Goldman, Sachs & Co., Morgan Stanley & Co. LLC, SMBC Nikko Capital Markets Limited acting as co-managers (collectively, the “Underwriters) and another major US financial institution.

Jim Girgulis, Vice President, Legal & Corporate Secretary and Jim Cook, General Manager, Legal, of Husky led a team of external counsel consisting of BLG as Canadian counsel to Husky, with a team that included Dan Kolibar, Lloyd McLellan, Louise Lee, Scott Cedergren.