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Enbridge files short form base shelf prospectus for medium term notes

On February 14, 2025, Enbridge Inc. filed a short form base shelf prospectus to permit the issuance of medium term notes (the “Notes”) during the 25-month period that the prospectus remains valid. The Notes will be direct unsecured obligations of the Corporation, ranking equally with all other unsecured and unsubordinated indebtedness. This filing is a continuation of Enbridge’s medium term note program, last renewed on February 10, 2023. As of the date of the prospectus, approximately $12.3 billion in Canadian dollar Notes and US$16.5 billion (approximately C$22 billion) in U.S. dollar Notes are outstanding.

The Notes will be offered severally by BMO Nesbitt Burns Inc., ATB Securities Inc., CIBC World Markets Inc., Desjardins Securities Inc., Merrill Lynch Canada Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc., and TD Securities Inc., or other dealers appointed by Enbridge. Under the Agency Agreement, agent commissions will not exceed 0.75% of the principal amount unless otherwise agreed. Legal matters related to the offering will be reviewed on behalf of the Corporation by McCarthy Tétrault LLP and on behalf of the agents by Osler, Hoskin & Harcourt LLP.

Enbridge has determined it qualifies as a “well-known seasoned issuer” under applicable Canadian WKSI blanket orders, permitting reliance on certain prospectus exemptions. The net proceeds from any sale of Notes will be added to the general funds of the Corporation and used for general corporate purposes, including debt repayment and capital expenditures.

Company

Enbridge Inc.

Law Firm / Organization
McCarthy Tétrault LLP

Bank

BMO Nesbitt Burns Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Company

ATB Securities Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Bank

CIBC World Markets Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Company

Desjardins Securities Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Company

Merrill Lynch Canada Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Bank

National Bank Financial Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Bank

RBC Dominion Securities Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Bank

Scotia Capital Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP

Bank

TD Securities Inc.

Law Firm / Organization
Osler, Hoskin & Harcourt LLP
Public/Private Offering
Energy
Undisclosed/Confidential
Active