Emera's U.S. unit completes sale of $750M (U.S.) notes

Executive Summary

• Emera Inc. completed the closing of a $750 million aggregate principal amount offering of U.S.-dollar-denominated senior notes.
• The offering consists of two tranches: $450 million of 4.500% senior notes due 2029 and $300 million of 5.200% senior notes due 2033.
• The net proceeds are intended for general corporate purposes, including the repayment of existing indebtedness.

Key Details

• Total Principal Amount: $750 million (U.S.).
• Tranche 1: $450 million aggregate principal amount of 4.500% senior notes due 2029.
• Tranche 2: $300 million aggregate principal amount of 5.200% senior notes due 2033.
• Guarantors: The notes are fully and unconditionally guaranteed by Emera Inc. and Emera US Holdings Inc. (EUSHI).
• Issuer Structure: The issuer is an indirect, wholly owned subsidiary of Emera; EUSHI is an indirect, wholly owned subsidiary of Emera.
• Joint Book-Running Managers: Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc., and Wells Fargo Securities, LLC.
• Use of Proceeds: General corporate purposes, including repayment of existing indebtedness.
• Regulatory Status: Notes have not been qualified by prospectus for public distribution in Canada; offers/sales restricted to exemptions or registered dealers.

Notable Quotes

• None provided in the text.