Emera Incorporated Completes US$750 Million Junior Subordinated Notes Offering

Emera Incorporated has completed the sale of $750 million of junior subordinated notes, consisting of $375 million of 6.650% Series A and $375 million of 6.850% Series B. The notes are guaranteed by Emera and its subsidiaries, with proceeds to be used for general corporate purposes, including repaying existing debt. The offering was managed by J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, and others.