Company: EMICF
Filing Date: 2025-10-03
Form Type: 6-K
Source: 0000950103-25-012820
Chunk: 1

Company: EMERA INC
Filing Date: 2025-10-03
Form: 6-K
Chunk 1
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 June 18, 2018 (the “First Supplemental
Indenture”) and a second supplemental indenture, dated as of October 3, 2025 (the “Second Supplemental Indenture”,
and together with the First Supplemental Indenture and the Base Indenture, the “Indenture”), with Equiniti Trust Company,
LLC as trustee (the “Trustee”). The Notes were offered pursuant to registration statements on Form F-3 (File No. 333-290501)
filed by the Issuer and EUSHI with the Securities and Exchange Commission on September 26, 2025 (the “Form F-3 Registration Statement”)
and Form F-10 (File No. 333-290502) filed by Emera with the Securities Exchange Commission on September 26, 2025 (the “Form F-10
Registration Statement”, and together with the Form F-3 Registration Statement, the “Registration Statements”).

The Notes bear interest (i) from and including October 3, 2025 to but
excluding April 1, 2031 (the “First Reset Date”), at the rate of 6.250% per annum and (ii) from and including the First Reset
Date, during each Reset Period (as defined in the Indenture), at a rate per annum equal to the Five-year U.S. Treasury Rate (as defined
in the Indenture) as of the most recent Reset Interest Determination Date (as defined in the Indenture), plus a spread of 2.509% to be
reset on each Reset Date (as defined in the Indenture); provided, that the interest rate during any Reset Period will not reset below
6.250% (which equals the initial interest rate on the Notes). Interest is payable on April 1 and October 1 of each year, commencing on
April 1, 2026. The Issuer may defer interest payments during one or more deferral periods for up to 20 consecutive semi-annual interest
payment periods as described in the Indenture. The Notes will mature on April 1, 2056, unless earlier redeemed. The Notes are unsecured
and subordinated obligations of the Issuer. The Guarantees are unsecured and subordinated obligations of the Guarantors.

The preceding is a summary of the terms of the Underwriting Agreement,
the Indenture and the Notes, and is qualified in its