Company: EMICF
Filing Date: 2025-09-30
Form Type: 424B2
Source: 0000950103-25-012565
Chunk: 1

Company: EMERA INC
Filing Date: 2025-09-30
Form: 424B2
Chunk 1
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 will accrue at the then applicable interest rate on the Notes (as reset from time to time on any Reset Date occurring during such deferral period in accordance with the terms of the Notes), compounded semi-annually, to the extent permitted by applicable law. See “Description of the Notes—Option to Defer Interest Payments.”

The Notes will be fully and unconditionally guaranteed, on a joint, several and subordinated basis (the “Guarantees”), by Emera Incorporated, a Nova Scotia company (“Emera”), and Emera US Holdings Inc., a Delaware corporation (“EUSHI,” and together with Emera, the “Guarantors”). See “Description of the Notes–Guarantees.” EUSHI is a direct and indirect wholly-owned subsidiary of Emera and the Issuer is a direct, wholly-owned subsidiary of EUSHI.

The Issuer may redeem the Notes, in whole or in part at the times and the redemption prices described in this prospectus supplement under the caption “Description of the Notes—Redemption.”

The Notes and the Guarantees will be the Issuer’s and the Guarantors’ unsecured and subordinated obligations and will (a) be subordinate and rank junior in right of payment to all existing and future Senior Indebtedness (as defined in “Description of the Notes—Subordination”) of the Issuer or the relevant Guarantor, (b) rank equally in right of payment with all existing and future unsecured and subordinated indebtedness that each of the Issuer and the Guarantors may incur from time to time if the terms of such indebtedness provide that it ranks equally with the Notes and the Guarantees in right of payment, (c) be effectively subordinated to all existing and future secured indebtedness of the Issuer or the Guarantors, to the extent of the value of the assets securing such indebtedness, and (d) be structurally subordinated in right of payment to all existing and future indebtedness and other liabilities (including trade payables) of Emera’s direct and indirect subsidiaries (other than EUSHI and the Issuer). See “Description of the Notes—Subordination.” The indenture under which the Notes will be issued (the “Indenture”) contains no restrictions on the amount of Senior Indebtedness or additional secured or unsecured indebtedness the Issuer and the Guarantors may incur or the amount of indebtedness (whether secured or unsecured) that their respective subsidiaries may incur.