We advised Emera on its offering

Davis Polk advised Emera US Finance, LLC, an indirect wholly owned subsidiary of Emera Incorporated, in connection with its SEC-registered shelf takedown of $750 million aggregate principal amount of junior subordinated notes, consisting of $375 million aggregate principal amount of 6.650% Series A fixed-to-fixed reset rate junior subordinated notes due 2056 and $375 million aggregate principal amount of 6.850% Series B fixed-to-fixed reset rate junior subordinated notes due 2056. The notes are guaranteed by Emera and Emera US Holdings Inc., an 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 2.7 million customers in Canada, the United States and the Caribbean. Its team of 7,800 employees is committed to its purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and its common shares are listed on the New York Stock Exchange.

The Davis Polk capital markets team included partners Stephen A. Byeff and Byron B. Rooney 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 Saloni Pant provided 1940 Act advice. All members of the Davis Polk team are based in the New York office.

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