Emera Broadcasts Expiration and Settlement of Trade Supply

HALIFAX, Nova Scotia — Emera Integrated (“Emera”) at this time introduced that the trade supply (the “Trade Supply”) for USD $500,000,000 mixture principal quantity of excellent 7.625% Mounted-to-Mounted Reset Charge Junior Subordinated Notes due 2054 (the “Previous Notes”) by its wholly owned oblique subsidiary, EUSHI Finance, Inc. (the “Issuer”) expired at midnight, New York Metropolis Time, on January 13, 2025.

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On June 18, 2024, the Issuer accomplished the issuance of the Previous Notes to “certified institutional patrons” beneath Rule 144A of the US Securities Act of 1933, as amended (the “Securities Act”), to non-U.S. individuals beneath Regulation S of the Securities Act and on a non-public placement foundation in Canada. The Previous Notes had been assured by Emera and Emera US Holdings Inc., a completely owned direct and oblique subsidiary of Emera.

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In reference to the preliminary issuance of the Previous Notes, the Issuer entered right into a registration rights settlement with the preliminary purchasers of the Previous Notes by which it undertook to supply to trade the Previous Notes for brand spanking new notes registered beneath the Securities Act (the “New Notes”).

Pursuant to an efficient registration assertion on Kind F-10 and Kind S-4 filed with the US Securities and Trade Fee (the “SEC”), holders of the Previous Notes had been in a position to trade the Previous Notes for the New Notes in an equal principal quantity. The phrases of the New Notes are similar in all materials respects to the phrases of the Previous Notes besides that the New Notes have been registered beneath the Securities Act and won’t bear any legend limiting switch. The registration rights and extra curiosity provisions regarding the Previous Notes don’t apply to the New Notes.

The Issuer has been suggested that tenders with respect to USD $499,800,000 mixture principal quantity of the Previous Notes out of a complete of USD $500,000,000 mixture principal quantity excellent had been obtained previous to the expiration of the Trade Supply.

The Issuer expects to situation an equal principal quantity of the New Notes of every sequence in trade for the Previous Notes of every sequence that had been validly tendered. Settlement of the Trade Supply is predicted to happen on or about January 17, 2025, topic to sure customary circumstances.

This announcement is neither a proposal to purchase nor a solicitation of a proposal to promote any of the Issuer or Emera’s securities. The Trade Supply is being made solely pursuant to the Trade Supply paperwork which have been filed with the SEC together with the prospectus and letter of transmittal which were distributed to holders of the Previous Notes. The completion of the Trade Supply stays topic to the phrases and circumstances acknowledged within the Trade Supply paperwork. D.F. King & Co., Inc., 48 Wall Avenue – twenty second Flooring, New York, New York 10005, consideration: Kristian Klein; banks and brokers name accumulate: (212) 269-5550, all others name toll-free (877) 732-3617, e mail: EMA@dfking.com.

Ahead Wanting Info

This information launch accommodates forward-looking data throughout the that means of relevant securities legal guidelines, together with with out limitation, the anticipated timing of the expiration and settlement of the Trade Supply. By its nature, forward-looking data requires Emera to make assumptions and is topic to inherent dangers and uncertainties. These statements mirror Emera administration’s present beliefs and are based mostly on data at the moment out there to Emera administration. There’s a danger that predictions, forecasts, conclusions and projections that represent forward-looking data is not going to show to be correct, that Emera’s assumptions might not be appropriate and that precise outcomes might differ materially from such forward-looking data. Further detailed details about these assumptions, dangers and uncertainties is included in Emera’s securities regulatory filings, together with beneath the heading “Enterprise Threat and Threat Administration” in Emera’s annual Administration’s Dialogue and Evaluation, and beneath the heading “Principal Monetary Dangers and Uncertainties” within the notes to Emera’s annual and interim monetary statements, which will be discovered on SEDAR+ at www.sedarplus.ca.

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About Emera

Emera (TSX: EMA) is a number one North American supplier of power companies headquartered in Halifax, Nova Scotia, with investments in regulated electrical and pure fuel utilities, and associated companies and belongings. The Emera household of firms delivers secure, dependable power to roughly 2.5 million clients in Canada, the US and the Caribbean. Our workforce of seven,300 staff is dedicated to our function of energizing fashionable life and delivering a cleaner power future for all. Emera’s widespread and most popular shares are listed and commerce on the Toronto Inventory Trade. Further data will be accessed at www.emera.com or www.sedarplus.ca.

Supply: Emera Inc.