Emera Incorporated is redeeming all remaining 6.75% Fixed-to-Floating Subordinated Notes—Series 2016-A. The company set the redemption date for June 15, 2026.
The total principal amount of the notes is $1,200,000,000. Emera initially announced this move on April 30, 2026.
Holders will receive 100% of the principal amount. The payment includes all accrued and unpaid interest up to the redemption date.
This action alters the company's interest expense profile and capital structure. The final impact on leverage depends on how Emera funds the redemption.