Husky Energy Inc.

Husky Energy Inc. in its acquisition of Superior Refinery for US$435 million

Client

Husky Energy Inc.

Value

US$435 million

Service

Tax: M&A, Financings, Corporate Reorganizations and Restructurings

Date Closed

November 2017

Industry

Energy (Oil & Gas)

Lead Office

New York


 

On November 10, 2017, Husky Energy Inc. ("Husky") announced the closing of its acquisition of the Superior Refinery from Calumet Specialty Products Partners, L.P. for US$435 million in cash.

Superior Refinery is a 50,000 barrel per day permitted capacity facility located in Superior, Wisconsin that processes light and heavy crude oil into fuel products and asphalt.

Husky is an integrated energy company headquartered in Calgary, Alberta. It has approximately 5,200 employees and has average daily production of about 320,000 barrels of oil equivalent per day.

With the addition of the Superior Refinery, Husky’s total downstream capacity will increase to approximately 395,000 barrels per day.

Osler, Hoskin & Harcourt LLP represented Husky as US counsel with a team consisting of Jennifer Lee and Kevin Colan (Taxation), and Dan Kolibar and Mike Budabin McQuown (Corporate).


Team
Daniel Kolibar

Daniel Kolibar

Partner, Corporate

Jennifer Lee

Jennifer Lee

Partner, Taxation

Kevin Colan

Kevin Colan

Counsel, Taxation

Michael Budabin McQuown

Michael Budabin McQuown

Partner, Corporate