Emera Incorporated Announces the Closing of the Offering of US$750 Million Aggregate Principal Amount of Senior Notes

Executive Summary

• Emera US Finance, LLC completed the sale of $750 million aggregate principal amount of senior notes ($450 M 4.500% due 2029 and $300 M 5.200% due 2033).
• The notes are fully guaranteed by Emera and Emera US Holdings Inc.; joint book‑running managers include Morgan Stanley, J.P. Morgan, MUFG Securities Americas, RBC Capital Markets, Scotia Capital (USA) and Wells Fargo Securities.
• Net proceeds will be used for general corporate purposes, principally to repay existing indebtedness.

Key Details

• Notes Issued:
• $450 million of 4.500% senior notes due 2029 (“2029 Notes”).
• $300 million of 5.200% senior notes due 2033 (“2033 Notes”).
• Total Aggregate Principal Amount: US$750 million.
• Guarantees: Fully and unconditionally guaranteed by Emera and Emera US Holdings Inc. (EUSHI).
• Issuing Entities: Emera US Finance, LLC (Issuer) – an indirect wholly‑owned subsidiary of Emera; EUSHI is an indirect wholly‑owned subsidiary of Emera.
• Book‑Running Managers / Joint Coordinators: Morgan Stanley & Co. LLC; J.P. Morgan Securities LLC; MUFG Securities Americas Inc.; RBC Capital Markets, LLC; Scotia Capital (USA) Inc.; Wells Fargo Securities, LLC.
• Use of Proceeds: General corporate purposes, including repayment of existing indebtedness.
• Listing Status: Notes will not be listed on any securities exchange and there is no intention to arrange quotation system inclusion.
• Regulatory Notices:
• Not an offer or solicitation in jurisdictions where such would be unlawful.
• Notes not qualified by prospectus for public distribution in Canada; sales limited to exempt transactions.

Notable Quotes

(No executive quotes were provided in the release.)