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

EMATSX:EMATSX:EMA.PR.ATSX:EMA.PR.BTSX:EMA.PR.CTSX:EMA.PR.ETSX:EMA.PR.FTSX:EMA.PR.HTSX:EMA.PR.JTSX:EMA.PR.L
  • Emera US Finance, LLC completed the sale of US$750 million in senior notes, comprising US$450 million of 4.500% notes due 2029 & US$300 million of 5.200% notes due 2033.
  • The notes are fully & unconditionally guaranteed by Emera & its indirect, wholly-owned subsidiary Emera US Holdings Inc.
  • Joint book-running managers for the offering included Morgan Stanley, J.P. Morgan, MUFG, RBC Capital Markets, Scotia Capital, & Wells Fargo Securities.
  • Emera intends to use the net proceeds for general corporate purposes, including the repayment of existing indebtedness.
  • The notes will not be listed on any securities exchange, & no quotation system listing is intended.
  • The offering is not qualified by prospectus in Canada & is restricted from sale to Canadian residents except under specific exemptions.
  • Forward-looking statements regarding the use of proceeds & future assumptions are included & disclaimed as of the release date.