Emera exchange offer

Davis Polk advised EUSHI Finance, Inc., an indirect wholly owned subsidiary of Emera Incorporated, on its exchange of its new $499.8 million of 7.625% fixed-to-fixed reset rate junior subordinated notes due 2054, which have been registered under the Securities Act on Forms F-10 and S-4, for $499.8 million of 7.625% fixed-to-fixed reset rate junior subordinated notes due 2054, which were originally issued pursuant to Rule 144A and Regulation S under the Securities Act. Davis Polk also previously advised EUSHI Finance, Inc. on the original Rule 144A and Regulation S offering of the $500 million of 7.625% fixed-to-fixed reset rate junior subordinated notes.

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 2.5 million customers in Canada, the United States and the Caribbean. Our team of 7,300 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.

The Davis Polk capital markets team included partner Byron B. Rooney, counsel Christopher H. Van Buren and associates Juan Diego Tibaduiza and Megan P. Phansalkar. All members of the Davis Polk team are based in the New York office.