{"id":27083,"date":"2014-12-10T00:03:01","date_gmt":"2014-12-10T05:03:01","guid":{"rendered":"http:\/\/prefblog.com\/?p=27083"},"modified":"2014-12-10T00:03:01","modified_gmt":"2014-12-10T05:03:01","slug":"hse-pr-c-closes-firm-on-decent-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=27083","title":{"rendered":"HSE.PR.C Closes Firm On Decent Volume"},"content":{"rendered":"<p>Husky Energy <a href=\"http:\/\/www.huskyenergy.com\/news\/release.asp?release_id=1907439\">has announced<\/a> that it:<\/p>\n<blockquote><p> has completed its recently announced public offering of 10 million Cumulative Rate Reset Preferred Shares, Series 3 (the &#8220;Series 3 Shares&#8221;).<\/p>\n<p>The aggregate gross proceeds to Husky from the completed upsized offering is $250 million.<\/p>\n<p>The net proceeds from this offering will be used to further support the Company&#8217;s strong balance sheet and business plan as well as for general corporate purposes, which may include, among other things, the partial repayment of the 3.75% medium-term notes due in 2015.<\/p>\n<p>The Series 3 Shares were offered by way of prospectus supplement dated December 2, 2014 under Husky&#8217;s existing short form base shelf prospectus.<\/p>\n<p>Holders of the Series 3 Shares are entitled to receive a cumulative quarterly fixed dividend yielding 4.50 percent annually for the initial period ending December 31, 2019. Thereafter, the dividend rate will be reset every five years at a rate equal to the five-year Government of Canada bond yield plus 3.13 percent.<\/p>\n<p>Holders of Series 3 Shares will have the right, at their option, to convert their shares into Cumulative Rate Reset Preferred Shares, Series 4 (the &#8220;Series 4 Shares&#8221;), subject to certain conditions, on December 31, 2019 and on December 31 every five years thereafter. Holders of the Series 4 Shares will be entitled to receive cumulative quarterly floating dividends at a rate equal to the 90-day Government of Canada Treasury Bill yield plus 3.13 percent.<\/p>\n<p>The Series 3 Shares are listed on the Toronto Stock Exchange under the symbol HSE.PR.C.<\/p><\/blockquote>\n<p>HSE.PR.C is a FixedReset, 4.50%+313, <a href=\"http:\/\/prefblog.com\/?p=26955\">announced December 1<\/a>. The issue will be tracked by HIMIPref&trade; and has been assigned to the FixedResets subindex.<\/p>\n<p>The issue traded 764,846 shares today (consolidated exchanges) in a range of 24.70-05 before closing at 25.01-05. Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>HSE.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2044-12-09<br \/>\nMaturity Price  : 23.16<br \/>\nEvaluated at bid price : 25.01<br \/>\nBid-YTW : 4.46 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Husky Energy has announced that it: has completed its recently announced public offering of 10 million Cumulative Rate Reset Preferred Shares, Series 3 (the &#8220;Series 3 Shares&#8221;). The aggregate gross proceeds to Husky from the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-27083","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/27083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27083"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/27083\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}