We advised Emera on its offering

Davis Polk advised EUSHI Finance, Inc., an indirect wholly owned subsidiary of Emera Incorporated, in connection with its SEC-registered shelf takedown of $750 million aggregate principal amount of 6.250% fixed-to-fixed reset rate junior subordinated notes due 2056. The notes are guaranteed by Emera and Emera US Holdings Inc., a direct and indirect wholly owned subsidiary of Emera.

Emera is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.6 million customers in the United States, Canada and the Caribbean. Our team of 7,600 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange.

The Davis Polk capital markets team included partners Stephen A. Byeff and Byron B. Rooney, counsel Christopher H. Van Buren and associates Robert Van de Mark and Megan P. Phansalkar. The tax team included partner William A. Curran, counsel Danielle Rapaccioli and associate Georgianna Eck. Counsel Leon E. Salkin and associate Alex Brod provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.

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