Enbridge Inc. completes $2.8B offering of medium term notes across five tranches

On February 25, 2025, Enbridge Inc. closed its offering of five tranches of medium term notes in the aggregate principal amount of $2.8 billion by way of pricing supplements to a base shelf prospectus filed February 14, 2025. The offering consisted of $300 million principal amount of 3.55% medium term notes due February 25, 2028, $400 million principal amount of floating rate medium term notes due February 25, 2028, $800 million principal amount of 3.90% medium term notes due February 25, 2030, $700 million principal amount of 4.56% medium term notes due February 25, 2035, and a $600 million principal amount re-opening of 5.32% medium term notes due August 22, 2054.

Enbridge Inc. is a Canadian multinational pipeline and energy company, which transports crude oil, natural gas, and natural gas liquids, throughout North America.

McCarthy Tétrault advised Enbridge Inc. with a team led by Toby Allan that included Rebecca Wieschkowski, Jonathan Brisebois (Business), Brett Anderson, Kim Brown and Adam Unick (Tax).