June 8, 2021
Hunton Andrews Kurth LLP represented the Initial Purchasers in connection with Emera US Finance LP’s (the “Issuer”) issuance of $300 million aggregate principal amount of its 0.833% senior notes due 2024 and $450 million aggregate principal amount of its 2.639% senior notes due 2031 (collectively, the “Notes”) in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended, to eligible purchasers. The Notes are fully and unconditionally guaranteed by Emera Incorporated (“Emera”) and Emera US Holdings Inc. (“EUSHI”).
The Issuer is a Delaware limited partnership that was formed on May 20, 2016. The sole general partnership interest of the Issuer is owned indirectly by Emera through EUSHI and its indirectly wholly owned subsidiary Emera US Finance GP Company. All of the limited partnership interests in the Issuer are owned indirectly by Emera. Based in Halifax, Nova Scotia, Emera owns and operates cost-of-service rate-regulated electric and gas utilities in Canada, the United States and the Caribbean. Cost-of-service utilities provide essential gas and electric services in designated territories under franchises and are overseen by regulatory authorities. EUSHI is a Delaware corporation that was incorporated on June 14, 2001. EUSHI is a direct and indirect, wholly owned subsidiary of Emera. EUSHI does not have any operations and serves as the holding company for certain of Emera’s assets located in the United States.
The Hunton Andrews Kurth team included Peter K. O’Brien, S. Christina Kwon, Patrick Jamieson, S. Ashley Jaber and Matthew A. Hayes. Robert McNamara and Tim Strother provided tax advice.