Emera Inc

TSX:EMACanadaView on OTC Pink - Current Information

HALIFAX, Nova Scotia--(BUSINESS WIRE)--June 18, 2024--
Emera Incorporated ("Emera" or the "Company") (TSX: EMA) announced today that EUSHI Finance, Inc. (the "Issuer") has completed the sale of US$500,000,000 aggregate principal amount of United States dollar denominated 7.625% fixed-to-fixed reset rate junior subordinated notes due 2054 (the "U.S. Notes"), fully and unconditionally guaranteed by Emera and Emera US Holdings Inc. ("EUSHI and together with Emera, the "Guarantors"). EUSHI is a direct and indirect wholly-owned subsidiary of Emera and the Issuer is a direct, wholly-owned subsidiary of EUSHI. Morgan Stanley & Co. LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC, J.P. Morgan Securities LLC, Scotia Capital (USA) Inc., and Wells Fargo Securities, LLC acted as joint book-running managers in connection with the U.S. Notes offering. BMO Capital Markets Corp., BofA Securities, Inc., CIBC World Markets Corp., TD Securities (USA) LLC, and Truist Securities, Inc. acted as co-managers.

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Shares of Emera Inc. EMA slipped 1.44% to C$45.81 Friday, in what proved to be an all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index falling 0.27% to 21,639.10. Emera Inc. closed C$9.93 below its 52-week high (C$55.74), which the company reached on July 26th. Trading volume of 742,167 shares remained below its 50-day average volume of 1.4 M.

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Emera Inc. EMA dropped 0.04% to C$46.48 Thursday, in what proved to be an all-around negative trading session for the Canadian market, with the S&P/TSX Composite Index falling 1.20% to 21,698.11. Emera Inc. closed C$9.26 short of its 52-week high (C$55.74), which the company achieved on July 26th. Trading volume of 1.5 M shares eclipsed its 50-day average volume of 1.4 M.