Emera Taps Debt Markets for $750 Million to Refinance and Fund Corporate Operations

HALIFAX, Nova Scotia – Energy and services company Emera Inc. announced on March 27, 2026, that its subsidiary has successfully completed a $750 million senior notes offering. The transaction, aimed at raising capital for general corporate purposes, including the repayment of existing debt, provides the company with long-term, fixed-rate funding. The offering was divided into two tranches: $450 million in 4.500% senior notes that will mature in 2029 and another $300 million in 5.200% senior notes due in 2033. This capital raise is significant as it shores up the company's balance sheet and enhances financial flexibility for its regulated utility investments across North America and the Caribbean. The notes are fully and unconditionally guaranteed by Emera and its subsidiary, Emera US Holdings Inc. While corporate debt offerings are routine, they are crucial indicators of a company's financial health and strategic planning. By securing funds at fixed rates, Emera mitigates exposure to interest rate volatility, a key consideration in the current macroeconomic environment. The move is relevant for credit market stakeholders and investors monitoring the company's leverage and liquidity profile. A consortium of financial institutions, including Morgan Stanley, J.P. Morgan, and RBC Capital Markets, served as joint book-running managers for the deal.