Emera Incorporated announced the closing of a US$750 million senior notes offering by its indirect subsidiary Emera US Finance, LLC, consisting of US$450 million 4.500% notes due 2029 and US$300 million 5.200% notes due 2033, both fully guaranteed by Emera and Emera US Holdings Inc. The net proceeds are intended for general corporate purposes, including repaying existing indebtedness.
Key takeaways
Emera US Finance, LLC issued US$750 million in senior notes: US$450 million at 4.500% due 2029 and US$300 million at 5.200% due 2033.
The notes are fully and unconditionally guaranteed by Emera Incorporated and Emera US Holdings Inc.
Net proceeds are intended for general corporate purposes, including repaying existing indebtedness.
The offering closed on March 27, 2026, with Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC as representatives of the underwriters.
The notes are senior unsecured obligations issued under an indenture dated March 27, 2026, with Equiniti Trust Company, LLC as trustee.
Interest on both note series is payable semi-annually on April 1 and October 1, commencing October 1, 2026.