Emera Incorporated

Emera Incorporated in its $225 million preferred share financing

Client

Emera Incorporated

Value

$225 million

Service

Capital Markets

Date Closed

September 2021

Industry

Power & Utilities

Lead Office

Toronto

 

On September 24, 2021, Emera Incorporated completed its $225 million preferred share financing of Series L preferred shares. The offering was made through a syndicate of underwriters with TD Securities Inc. and CIBC Capital Markets acting as joint bookrunners, and included RBC Capital Markets, Scotiabank, BMO Capital Markets and National Bank Financial Inc. The proceeds from the offering will be used for general corporate purposes.

Emera Incorporated is a Halifax-based energy company focused on investments in electricity generation and electricity and gas transmission and distribution.

Osler, Hoskin & Harcourt LLP advised Emera Incorporated with a team consisting of John Macfarlane, Sandra Malcolm, Wesley Cohen (Corporate) and David Davachi (Tax).