EMA Emera Incorporated

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES.


Emera Incorporated ("Emera") (TSX:EMA) announced today that it has entered into
an agreement with a syndicate led by Scotiabank, CIBC, RBC Capital Markets and
TD Securities Inc., under which they have agreed to purchase from Emera and sell
to the public 7,800,000 Common Shares of Emera. The underwriters will also have
the option to purchase up to an additional 865,000 Common Shares to cover
over-allotments, if any, and for market stabilization purposes, during the 30
days following the closing of the offering (the "Over-Allotment Option").


The purchase price of $28.85 per Common Share will result in gross proceeds to
Emera of $225,030,000 ($249,985,250 if the Over-Allotment Option is exercised in
full). The net proceeds of the offering will be used for general corporate
purposes to support the Company's recently announced growth initiatives and to
reduce indebtedness outstanding under Emera's credit facility. This financing
addresses Emera's near-term common equity needs. The proceeds of the issuance,
together with internal cash generation, planned project level debt and preferred
share financing activities in 2014, are expected to be sufficient to finance the
company's current capital expenditure schedule and forecast through to 2015.


The offering is subject to the receipt of all necessary regulatory and stock
exchange approvals. Closing is expected to occur on or about January 7, 2014.


The Common Shares have not been registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements. This
media release shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any offer, solicitation or sale of the
securities in any province, state or jurisdiction in which such offer,
solicitation or sale would be unlawful.


Forward-Looking Information

This news release contains forward-looking information with respect to Emera. By
its nature, forward-looking information requires Emera to make assumptions and
is subject to inherent risks and uncertainties. There is significant risk that
predictions, forecasts, conclusions and projections that constitute
forward-looking information will not prove to be accurate, that Emera's
assumptions may not be correct and that actual results may differ materially
from such forward-looking information. Detailed information about these
assumptions, risks and uncertainties is included in Emera's securities
regulatory filings, which can be found on SEDAR at www.sedar.com.


About Emera

Emera is an energy and services company with $8.0 billion in assets and 2012
revenues of $2.1 billion. The company invests in electricity generation,
transmission and distribution, as well as gas transmission and utility energy
services. Emera's strategy is focused on the transformation of the electricity
industry to cleaner generation and the delivery of that clean energy to market.
Emera has investments throughout Northeastern North America, and in four
Caribbean countries. More than 80% of the company's earnings come from regulated
investments. Emera common and preferred shares are listed on the Toronto Stock
Exchange and trade respectively under the symbol EMA, EMA.PR.A., EMA.PR.C., and
EMA.PR.E. Additional information can be accessed at www.emera.com or at
www.sedar.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor Relations: Emera Incorporated
Jill Hennigar, CA
Manager, Investor Relations
902-428-6486
jill.hennigar@emera.com


Media: Emera Incorporated
Dina Bartolacci Seely
Senior Communications Advisor
902-428-6059
dina.bartolacci@emera.com
www.emera.com

Emera (TSX:EMA)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024

Emera (TSX:EMA)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024