Company: EMICF
Filing Date: 2025-09-29
Form Type: 424B2
Source: 0000950103-25-012357
Chunk: 33

Company: EMERA INC
Filing Date: 2025-09-29
Form: 424B2
Chunk 33
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 Debt Securities and Guarantees” to which reference is made.

This description of the Notes is intended to be a useful overview of the material provisions of the Notes, the Guarantees and the Indenture. Since this description is only a summary, you should refer to the Indenture, a copy of which is available from us upon request, for a complete description of the obligations of the Issuer and the Guarantors and your rights. We urge you to read the Indenture carefully because it, and not the following description, will govern your rights as a holder of the Notes.

Maturity, Interest and Payment

The Notes will mature on ,
2056, subject to earlier redemption at the Issuer’s option as described under “—Redemption.”

The Notes will bear interest
(i) from and including , 2025 (the “original issue date”) to but
excluding , 2031(the “First Reset
Date”), at the rate of % per annum and (ii) from and including the First
Reset Date, during each Reset Period (as defined below) at a rate per annum equal to the Five-year U.S. Treasury Rate (as defined below)
as of the most recent Reset Interest Determination Date (as defined below), plus a spread of %
to be reset on each Reset Date (as defined below); provided, that the interest rate during any Reset Period will not reset below %
(which equals the initial interest rate on the Notes). Interest on the Notes will accrue from the original issue date and will be payable
semi-annually in arrears on and (each,
an “interest payment date”) of each year until maturity or earlier redemption, beginning on
, 2026, to the holders of record at the close of business on the record date for the applicable interest payment date, which will be (i)
the business day immediately preceding such interest payment date so long as all of the Notes remain in book-entry only form or (ii) the 15th calendar day preceding such interest payment (whether or not a business day) if any of the Notes do not remain in book-entry only form (each, a “record date”), subject to our right to defer interest payments as described below under “—Option to Defer Interest Payments.” Interest on the Notes will be computed on the basis of a 360-day year of twelve 30-day months.

The applicable interest rate
for each Reset Period will be determined by the calculation agent (as defined below), as of the applicable