newsfilter
← Latest News
Business Wire·

Emera Incorporated Announces the Closing of the Offering of US$750 Million Aggregate Principal Amount of Fixed-to-Fixed Reset Rate Junior Subordinated 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 announced that its subsidiary EUSHI Finance completed the sale of US$750 million in 6.25% fixed-to-fixed reset rate junior subordinated notes due 2056.
  • The U.S. Notes are fully & unconditionally guaranteed by Emera & Emera US Holdings Inc.
  • Eleven financial institutions acted as joint book-running managers for the offering.
  • Emera intends to use the net proceeds for general corporate purposes, including repaying existing indebtedness.
  • The notes are not listed on any securities exchange, nor will they be included on any quotation system.
  • The notes have not been qualified for public distribution in Canada & are restricted from sale to Canadian residents except under specific exemptions.
  • The press release includes forward-looking statements regarding the use of proceeds & disclaims any obligation to update such information.
  • Emera is a North American energy services provider headquartered in Halifax, Nova Scotia, serving approximately 2.6 million customers.