HALIFAX, Nova Scotia--(BUSINESS WIRE)--
Emera Incorporated (TSX:EMA):
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES.
Emera Incorporated (“Emera”) (TSX:EMA) announced today that it
has completed its bought deal offering of 12,000,000 Cumulative Minimum
Rate Reset First Preferred Shares, Series H at a price of $25.00 per
share for aggregate gross proceeds of $300 million. The syndicate of
underwriters was led by Scotiabank, CIBC Capital Markets, RBC Capital
Markets and TD Securities Inc., as joint bookrunners, and also included
BMO Capital Markets, National Bank Financial Inc., Industrial Alliance
Securities Inc. and Raymond James Ltd. The net proceeds of the offering
will be used for general corporate purposes.
The 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.
This 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.
Forward Looking Information
This news release contains forward‐looking information within the
meaning of applicable securities laws. By its nature, forward‐looking
information requires Emera to make assumptions and is subject to
inherent risks and uncertainties. These statements reflect Emera
management’s 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‐looking
information will not prove to be accurate, that Emera’s assumptions may
not be correct and that actual results may differ materially from such
forward‐looking information. Additional detailed information about these
assumptions, risks and uncertainties is included in Emera’s securities
regulatory filings, including under the heading “Enterprise Risk and
Risk Management” in Emera’s annual Management’s Discussion and Analysis,
and under the heading “Principal Financial Risks and Uncertainties” in
the notes to Emera’s annual financial statements, which can be found on
SEDAR at www.sedar.com.
About Emera
Emera is a geographically diverse energy and services company
headquartered in Halifax, Nova Scotia with approximately $29 billion in
assets and 2017 revenues of more than $6 billion. The company invests in
electricity generation, transmission and distribution, gas transmission
and distribution, and utility energy services 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 continues to target achieving a minimum of 75% of its adjusted net
income from rate‐regulated businesses. Emera’s 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, and
EMA.PR.F. 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
or at www.sedar.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180531005742/en/
Emera Inc.
Investor Relations:
Ken McOnie,
902‐428‐6945
Ken.McOnie@emera.com
Or
Media:
Kathy
Purcell, 902‐221‐1148
kathy.purcell@emera.com
Source: Emera Inc.