Emera completes $750 million senior notes offering

Emera Incorporated (TSX/NYSE: EMA) announced that its subsidiary Emera US Finance, LLC completed the sale of $750 million in senior notes. The offering consists of $450 million in 4.500% senior notes due 2029 and $300 million in 5.200% senior notes due 2033.

The notes are guaranteed by Emera and Emera US Holdings Inc. 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 served as joint book-running managers for the offering.

Emera plans to use the net proceeds for general corporate purposes, including repaying existing debt. The notes will not be listed on any securities exchange and the company does not intend to include them on any quotation system.

The Halifax, Nova Scotia-based energy company provides services to approximately 2.7 million customers across Canada, the United States and the Caribbean through regulated electric and natural gas utilities. Emera operates with 7,800 employees and trades on both the Toronto Stock Exchange and New York Stock Exchange.

The information comes from a company press release statement.

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