Company: EMICF
Filing Date: 2025-09-25
Form Type: F-10
Source: 0000950103-25-012173
Chunk: 14

Company: EMERA INC
Filing Date: 2025-09-25
Form: F-10
Chunk 14
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 than through an offering under this prospectus and any applicable prospectus supplements.

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CONSOLIDATED CAPITALIZATION</div>

There have been no material changes in the share and loan capital of Emera, on a consolidated basis, since June 30, 2025. See “ Use of Proceeds”.

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DESCRIPTION OF DEBT SECURITIES AND GUARANTEES</div>

This section describes certain general terms and provisions of the Debt Securities. We will provide the particular terms and provisions of a series of Debt Securities and a description of how the general terms and provisions described below apply to that series in a prospectus supplement. Thus, for a description of the terms of a particular series of Debt Securities, you must refer to both the applicable prospectus supplement relating to that series and the description of the Debt Securities contained in this prospectus.

We may issue senior or subordinated Debt Securities under, in the case of senior Debt Securities, one or more senior debt indentures to be entered into among Emera, EUSHI Finance, EUSHI and the applicable senior notes trustees (the “ Senior Indentures”), and, in the case of subordinated Debt Securities, under an indenture, dated June 18, 2024, between EUSHI Finance, the Guarantors and Equiniti Trust Company, LLC (as may be amended and/or supplemented from time to time, the “ Subordinated Indenture” and together with the Senior Indenture, the “ Indentures”). An indenture is a contract between a financial institution, acting on your behalf as trustee of the Debt Securities, and us.

The following description of the Indentures and the Debt Securities is a summary only. Please refer to the complete text of the provisions of the Debt Securities and the applicable Indenture, including the definition of certain terms in the applicable Indenture. It is the respective Indenture, and not this summary, that governs the rights of holders of Debt Securities. Capitalized terms that are used in this section and not defined have the meanings assigned to them in the Indenture. We have defined selected terms at the end of this section.

General

The Indentures provide that an unlimited amount of Debt Securities may be issued from time to time in one or more series and may be denominated and payable in U.S. dollars or any other currency; however, we may offer no more than US$3,000,000,000 (