Emera Incorporated announces the closing of the offering of US$750 million Aggregate Principal Amount of Fixed-to-Fixed Reset Rate Junior Subordinated Notes

Executive Summary

• Emera US Finance, LLC completed the issuance of US$750 million aggregate principal amount of junior subordinated notes (US$375 million Series A at 6.650% and US$375 million Series B at 6.850%, both due 2056).
• The notes are fully guaranteed by Emera and its subsidiary Emera US Holdings Inc.; the offering was led by J.P. Morgan, Morgan Stanley, MUFG Securities Americas, RBC Capital Markets, Scotia Capital (USA) and Wells Fargo Securities.
• Net proceeds will be used for general corporate purposes, including repayment of existing indebtedness.

Key Details

• Issuer: Emera US Finance, LLC (indirect wholly‑owned subsidiary of Emera).
• Notes Structure:
• Series A: US$375 million aggregate principal, fixed‑to‑fixed reset rate 6.650%, maturity 2056.
• Series B: US$375 million aggregate principal, fixed‑to‑fixed reset rate 6.850%, maturity 2056.
• Total Offering Size: US$750 million aggregate principal amount.
• Guarantees: Fully and unconditionally guaranteed by Emera and Emera US Holdings Inc. (the “Guarantors”).
• Book‑Running Managers / Joint Lead Underwriters: J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc., Wells Fargo Securities, LLC.
• Use of Proceeds: General corporate purposes, principally to repay existing indebtedness.
• Listing Status: Notes will not be listed on any securities exchange; no intention to seek quotation system listing.
• Regulatory Notices: Offering not a prospectus‑qualified public distribution in Canada; offered only under applicable exemptions.

Notable Quotes

(No executive quotes were included in the release.)