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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 US Finance, LLC completed the sale of US$750 million in junior subordinated notes guaranteed by Emera and Emera US Holdings Inc.
  • The offering consists of US$375 million in 6.650% Series A notes due 2056 & US$375 million in 6.850% Series B notes due 2056.
  • J.P. Morgan, Morgan Stanley, MUFG, RBC, Scotia Capital, & Wells Fargo acted as joint book-running managers.
  • Emera intends to use the net proceeds for general corporate purposes, including repayment of existing indebtedness.
  • The notes are not listed on any securities exchange, & the issuer does not intend to arrange for inclusion on any quotation system.
  • The notes are not qualified for public distribution in Canada & are not being offered to residents of Canada except under specific exemptions.