{"id":471813,"date":"2021-04-06T09:08:24","date_gmt":"2021-04-06T13:08:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=471813"},"modified":"2021-04-06T09:08:24","modified_gmt":"2021-04-06T13:08:24","slug":"emera-completes-200-million-preferred-share-financing","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/emera-completes-200-million-preferred-share-financing\/","title":{"rendered":"Emera Completes $200 Million Preferred Share Financing"},"content":{"rendered":"

<\/p>\n

Emera Completes $200 Million Preferred Share Financing<\/b><\/p>\n

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.<\/b><\/p>\n

HALIFAX, Nova Scotia–(BUSINESS WIRE<\/a>)–
\nEmera Incorporated (\u201cEmera<\/b>\u201d) (TSX:EMA) announced today that it completed its bought deal offering of 8,000,000 Cumulative Minimum Rate Reset First Preferred Shares, Series J (the \u201cSeries J Shares<\/b>\u201d) at a price of $25.00 per share for aggregate gross proceeds of $200 million. The syndicate of underwriters was led by Scotiabank and RBC Capital Markets, as joint bookrunners, and also included CIBC Capital Markets, TD Securities Inc., BMO Capital Markets and National Bank Financial Inc. The net proceeds of the offering will be used for general corporate purposes. The Series J Shares will be listed on the Toronto Stock Exchange under the symbol EMA.PR.J.\n<\/p>\n

\nThe securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.\n<\/p>\n

\nThis media release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer, solicitation or sale of the securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful.\n<\/p>\n

Forward Looking Information<\/b><\/p>\n

\nThis news release contains forward\u2010looking information within the meaning of applicable securities laws, including Emera\u2019s intended use of the net proceeds of the offering. Undue reliance should not be placed on this forward-looking information, which applies only as of the date hereof. By its nature, forward\u2010looking information requires Emera to make assumptions and is subject to inherent risks and uncertainties. These statements reflect Emera management\u2019s current beliefs and are based on information currently available to Emera management. There is a risk that predictions, forecasts, conclusions and projections that constitute forward\u2010looking information will not prove to be accurate, that Emera\u2019s assumptions may not be correct and that actual results may differ materially from such forward\u2010looking information. Additional detailed information about these assumptions, risks and uncertainties is included in Emera\u2019s securities regulatory filings, including under the heading \u201cEnterprise Risk and Risk Management\u201d in Emera\u2019s annual Management\u2019s Discussion and Analysis, and under the heading \u201cPrincipal Financial Risks and Uncertainties\u201d in the notes to Emera\u2019s annual financial statements, copies of which are available electronically under Emera\u2019s profile on SEDAR at www.sedar.com<\/a>.\n<\/p>\n

About Emera<\/b><\/p>\n

\nEmera is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia with approximately $31 billion in assets and 2020 revenues of more than $5.5 billion. The company primarily invests in electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout North America, and in four Caribbean countries. Emera\u2019s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F and EMA.PR.H. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional Information can be accessed at www.emera.com<\/a> or at www.sedar.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210406005641\/en\/<\/a><\/span><\/p>\n

Emera
\n<\/b>
Investor Relations:
\n<\/b>
Ken McOnie, VP, Investor Relations and Treasurer
\n
902\u2010428\u20106945
\n
ken.mconie@emera.com<\/a><\/p>\n

\nErin Power, Director, Investor Relations
\n
902-428-6760
\n
erin.power@emera.com<\/a><\/p>\n

Media:
\n<\/b>
902-222-2683
\n
media@emera.com<\/a><\/p>\n

KEYWORDS:<\/b> North America Canada<\/p>\n

INDUSTRY KEYWORDS:<\/b> Alternative Energy Energy Other Energy<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Emera Completes $200 Million Preferred Share Financing NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. HALIFAX, Nova Scotia–(BUSINESS WIRE)– Emera Incorporated (\u201cEmera\u201d) (TSX:EMA) announced today that it completed its bought deal offering of 8,000,000 Cumulative Minimum Rate Reset First Preferred Shares, Series J (the \u201cSeries J Shares\u201d) at a price of $25.00 per share for aggregate gross proceeds of $200 million. The syndicate of underwriters was led by Scotiabank and RBC Capital Markets, as joint bookrunners, and also included CIBC Capital Markets, TD Securities Inc., BMO Capital Markets and National Bank Financial Inc. The net proceeds of the offering will be used for general corporate purposes. The Series J Shares will be listed on … <\/p>\n

Continue reading “Emera Completes $200 Million Preferred Share Financing”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-471813","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nEmera Completes $200 Million Preferred Share Financing - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/emera-completes-200-million-preferred-share-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emera Completes $200 Million Preferred Share Financing - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Emera Completes $200 Million Preferred Share Financing NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. HALIFAX, Nova Scotia–(BUSINESS WIRE)– Emera Incorporated (\u201cEmera\u201d) (TSX:EMA) announced today that it completed its bought deal offering of 8,000,000 Cumulative Minimum Rate Reset First Preferred Shares, Series J (the \u201cSeries J Shares\u201d) at a price of $25.00 per share for aggregate gross proceeds of $200 million. The syndicate of underwriters was led by Scotiabank and RBC Capital Markets, as joint bookrunners, and also included CIBC Capital Markets, TD Securities Inc., BMO Capital Markets and National Bank Financial Inc. The net proceeds of the offering will be used for general corporate purposes. 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