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Emera Incorporated Announces the Closing of the Offering of US$750 Million Aggregate Principal Amount of Senior Notes
Emera Incorporated (“Emera” or the “Company”) (TSX/NYSE: EMA) announc...
About this update from Emera Incorporated
[{"type":"text","content":"Emera Incorporated Announces the Closing of the Offering of US$750 Million Aggregate Principal Amount of Senior Notes\n\n\n\n\n\n\n Emera Incorporated (“Emera” or the “Company”) (TSX/NYSE: EMA) announced today that Emera US Finance, LLC (the “Issuer”) has completed the sale of US$750 million aggregate principal amount of United States dollar denominated senior notes, consisting of US$450 million aggregate principal amount of 4.500% senior notes due 2029 (the “2029 Notes”) and US$300 million aggregate principal amount of 5.200% senior notes due 2033 (the “2033 Notes” and, together with the 2029 Notes, the “Notes”). The Notes are fully and unconditionally guaranteed by Emera and Emera US Holdings Inc. (“EUSHI, and together with Emera, the “Guarantors”). EUSHI is an indirect, wholly-owned subsidiary of Emera and the Issuer is an indirect, wholly-owned subsidiary of Emera. Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC acted as joint book-running managers in connection with the Notes offering.\n \n\n This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Notes and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful.\n \n\n The Notes have not been qualified by prospectus for public distribution under the securities laws of any province or territory of Canada. The Notes are not being, and may not be offered or sold, directly or indirectly, in Canada or to any resident of Canada except under exemptions from prospectus requirements of those securities laws, and either by an appropriately registered\n \n\n dealer or in circumstances where a dealer registration is not required.\n \n\n The Notes will not be listed on any securities exchange, and the Issuer and the Guarantors do not intend to arrange for the Notes to be included on any quotation system.\n \n\n\n Use of Proceeds\n \n\n\n Emera intends to use the net proceeds for general corporate purposes including, without limitation, to repay existing indebtedness.\n \n\n\n Forward Looking Information\n \n\n\n This news release con...