Date Closed

March 1, 2016

Lead Office

Calgary

Value

2.30 Billion CAD

On March 1, 2016, Enbridge Inc. closed a bought deal offering of common shares by a syndicate of underwriters led by RBC Capital Markets, Credit Suisse, BMO Capital Markets, CIBC World Markets, Scotiabank, and TD Securities. Gross proceeds from the offering totaled approximately C$2.3 billion. The equity raised through the offering is expected to fulfill equity funding requirements for Enbridge's consolidated commercially secured growth program through the end of 2017.

Enbridge is an energy delivery company based in Alberta which focuses on the transportation, distribution and generation of energy in North America. Enbridge also operates the longest crude oil and liquids transportation system in the world.

Enbridge Inc. was represented by its internal legal department and supported by John Osler Q.C., Wilson Acton and Frances Candy of McCarthy Tétrault LLP.