Fundz

Emera Completes $200 Million Preferred Share Financing

PUBLIC · EMAApr 06, 2021

Amount Raised

$200 Million

Round Type

Funding Round

HalifaxEnergyRenewable Energy

Description

Emera Incorporated (“Emera”) (TSX:EMA) announced today that it completed its bought deal offering of 8,000,000 Cumulative Minimum Rate Reset First Preferred Shares, Series J (the “Series J Shares”) at a price of $25.00 per share for aggregate gross proceeds of $200 million. The syndicate of underwriters was led by Scotiabank and RBC Capital Markets, as joint bookrunners, and also included CIBC Capital Markets, TD Securities Inc., BMO Capital Markets and National Bank Financial Inc. The net proceeds of the offering will be used for general corporate purposes. The Series J Shares will be listed on the Toronto Stock Exchange under the symbol EMA.PR.J.

Quick answer

Emera raised $200 Million in a Funding Round round, dated April 6, 2021. Emera is based in Halifax, Nova Scotia, Canada.

How much did Emera raise?
Emera raised $200 Million in a Funding Round round on April 6, 2021.
What does Emera do?
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $39 billion in assets and 2023 revenues of $7.6 billion.
Where is Emera based and how big is it?
Emera is based in Halifax, Nova Scotia, Canada. Fundz records about 7,366 employees.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Emera that raised within 45 days of this round, from Fundz verified event records.

  • Terrestrial Energy raised $19M on May 13, 2021.
  • Kosmos Energy raised an undisclosed amount (Funding Round) on May 10, 2021.
  • Babcock & Wilcox Enterprises raised an undisclosed amount (Series A) on May 3, 2021.
  • Garrett Motion Inc. raised $179M on May 3, 2021.
  • Enertopia Corp. raised $180K (Pre-Seed) on April 30, 2021.
  • New Use Energy (NUE) raised $200K (Pre-Seed) on April 26, 2021.

Who to call at Emera, and when

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Company Information

Company

Emera

Location

Halifax, Nova Scotia, Canada

About

Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $39 billion in assets and 2023 revenues of $7.6 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments in Canada, the United States and in three Caribbean countries.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.