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’s subsidiary EUSHI Finance, Inc. completed the sale of US $750 million of 6.25% fixed‑to‑fixed reset rate junior subordinated notes due 2056 (“U.S. Notes”).
• The notes are fully and unconditionally guaranteed by Emera and Emera US Holdings Inc.; they will not be listed on any exchange.
• Net proceeds are earmarked for general corporate purposes, including repayment of existing indebtedness.

Key Details

• Issuer: EUSHI Finance, Inc., a direct and indirect wholly‑owned subsidiary of Emera.
• Notes: US $750 million aggregate principal amount; 6.25% fixed‑to‑fixed reset rate; junior subordinated; due 2056.
• Guarantees: Fully guaranteed by Emera and Emera US Holdings Inc. (the “Guarantors”).
• Book‑Running Managers: Wells Fargo Securities, J.P. Morgan Securities, Morgan Stanley & Co., MUFG Securities Americas, RBC Capital Markets, Scotia Capital (USA), BMO Capital Markets, BofA Securities, CIBC World Markets, TD Securities (USA), Truist Securities.
• Offering Structure: Private placement; not qualified by prospectus for public distribution in Canada; not offered or sold to Canadian residents except under exemption.
• Listing Status: No intention to list the notes on any securities exchange or quotation system.
• Use of Proceeds: General corporate purposes, without limitation, including repayment of existing indebtedness.
• Forward‑Looking Statements: Include customary risk disclosures; no obligation to update.

Notable Quotes

(No executive quotes were provided in the release.)