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    • Husky Injection Molding Systems Ltd. to complete debenture financing and lines of credit

      For release 2005-06-02

      Bolton, Ontario — Husky Injection Molding Systems Ltd. (HKY: TSX) announced today that it is planning to complete a private placement of senior unsecured debentures totaling US$138 million, and a US$90 million committed, unsecured, revolving credit facility.

      The Company intends to issue the debentures in two series, both of which will mature in June 2010: Series D totals US$62.5 million and bears interest payable semi-annually at 6.82%; Series E totals Cdn$95 million and bears interest payable semi-annually at 6.38%. Proceeds will be used for the repayment of the Company's Series A, B and C unsecured debentures totaling US$139 million, which were due to mature in March 2006.

      The proposed credit facility will be available to the Company and its subsidiaries. It will be used for general corporate purposes and to replace existing credit facilities, which were scheduled to mature in July 2005. The new facility will mature in June 2008 and will be extendable with the agreement of the lenders.

      TD Securities Inc., acted as Lead Arranger and Book Manager for the facility and as Sole Placement Agent, together with TD Securities (USA) Inc., for the offering.

      The Company's Luxembourg subsidiary has also renewed its Euro 10 million committed, unsecured revolving credit facility with Dexia Banque Internationale à Luxembourg S.A. The facility matures in March 2008.

      The combined credit facilities and cash flow from operations are expected to be sufficient to address the Company's liquidity requirements through fiscal 2008.

      For further information, please contact:

      Daniel Gagnon
      Vice President, Finance & CFO
      Husky Injection Molding Systems
      Tel: (905) 951-5191

      About Husky — Husky Injection Molding Systems ( is a leading global supplier of injection molding equipment and services to the plastics industry. The company has more than 40 service and sales offices, supporting customers in over 100 countries. Husky's manufacturing facilities are located in Canada, the United States, Luxembourg and China. 

      For more information, please contact:
      Media Relations
      Husky Injection Molding Systems

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