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Enbridge Inc. closes public offering of US$500M and US$700M subordinated notes

Date Closed

June 27, 2024

Lead Office

Calgary

Value

1.20 Billion USD

On June 27, 2024, Enbridge Inc. closed the public offering of US$500,000,000 aggregate principal amount of its 7.375% Fixed-to-Fixed Rate Subordinated Notes due 2055 and US$700,000,000 aggregate principal amount of its 7.200% Fixed-to-Fixed Rate Subordinated Notes due 2054.

Enbridge Inc. is a Canadian multinational pipeline and energy company headquartered in Calgary, Alberta, Canada. Enbridge owns and operates pipelines throughout Canada and the United States, transporting crude oil, natural gas, and natural gas liquids, and also generates renewable energy.

McCarthy Tétrault advised Enbridge Inc. on Canadian legal matters with a team led by Toby Allan that included Kiana Mozaffari (Business), Brett Anderson, Kim Brown and Adam Unick (Tax).

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