Hunton Andrews Kurth Advises on EUSHI Finance, Inc.’s $500 Million Junior Subordinated Notes Offering

Hunton Andrews Kurth LLP represented the Initial Purchasers in connection with EUSHI Finance, Inc.’s (the “Issuer”) issuance of $500 million aggregate principal amount of its 7.625% Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2054 (“Junior Subordinated Notes”) in a private placement, with registration rights, under Rule 144A and Regulation S of the Securities Act of 1933, as amended, to eligible purchasers. The Junior Subordinated Notes are fully and unconditionally guaranteed on a subordinated basis by Emera Incorporated (“Emera”) and Emera US Holdings Inc. (“EUSHI”).

The Issuer is owned directly by Emera through EUSHI. The Issuer was formed for the purpose of Emera’s intercompany financings and does not have any operations or assets other than interests in other financing-related entities and does not have any operating revenues. Based in Halifax, Nova Scotia, Emera owns and operates cost-of-service rate-regulated electric and gas utilities in Canada, the United States and the Caribbean.

The Hunton Andrews Kurth team included Peter K. O’Brien, Patrick C. Jamieson, Josh Van Kirk, Jingyi “Alice” Yao, Gabrielle Kraushaar and Jack Chatas. Robert McNamara, William Freeman, Caitlin Scipioni and Katherine Gallagher provided tax advice.