Capital Markets

Emera Incorporated in its $225 million preferred share financing

Emera Incorporated
Key Contact
John Macfarlane

Partner, Corporate, Toronto

Team
David Davachi

Partner, Tax, Toronto

Wesley Cohen

Associate, Corporate, Toronto

Sandra Malcolm

Counsel, Corporate, Toronto

 

On September 24, 2021, Emera Incorporated completed its $225 million preferred share financing of Series L preferred shares. The offering was made through a syndicate of underwriters with TD Securities Inc. and CIBC Capital Markets acting as joint bookrunners, and included RBC Capital Markets, Scotiabank, BMO Capital Markets and National Bank Financial Inc. The proceeds from the offering will be used for general corporate purposes.

Emera Incorporated is a Halifax-based energy company focused on investments in electricity generation and electricity and gas transmission and distribution.

Osler, Hoskin & Harcourt LLP advised Emera Incorporated with a team consisting of John Macfarlane, Sandra Malcolm, Wesley Cohen (Corporate) and David Davachi (Tax).

Value
$225 million
Date Closed
September 24, 2021
Lead Office
Toronto
Key Contact
John Macfarlane

Partner, Corporate, Toronto

Team
David Davachi

Partner, Tax, Toronto

Wesley Cohen

Associate, Corporate, Toronto

Sandra Malcolm

Counsel, Corporate, Toronto