06:14:51 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Enbridge Inc
Symbol ENB
Shares Issued 1,687,106,757
Close 2017-12-08 C$ 49.34
Market Cap C$ 83,241,847,390
Recent Sedar Documents

Enbridge closes $500-million share offering

2017-12-11 10:02 ET - News Release

An anonymous director reports

ENBRIDGE ANNOUNCES CLOSING OF $500 MILLION PREFERRED SHARE OFFERING, INCLUSIVE OF THE EXERCISE OF UNDERWRITERS' OPTION

Enbridge Inc. has closed its previously announced public offering of cumulative redeemable minimum rate reset preference shares, Series 19, through a syndicate of underwriters led by Scotiabank, BMO Capital Markets, CIBC Capital Markets and National Bank Financial. Enbridge issued 20 million Series 19 preferred shares, inclusive of four million Series 19 preferred shares issued on full exercise of the underwriters' option, for gross proceeds of $500-million. The Series 19 preferred shares will begin trading on the Toronto Stock Exchange today under the symbol ENB.PF.K. Proceeds from the offering are expected to be used to partially finance capital projects, to reduce existing indebtedness and for other general corporate purposes of the company and its affiliates.

About Enbridge Inc.

Enbridge is North America's premier energy infrastructure company with strategic business platforms that include an extensive network of crude oil, liquids and natural gas pipelines, regulated natural gas distribution utilities, and renewable power generation. The company safely delivers an average of 2.8 million barrels of crude oil each day through its mainline and express pipeline, accounts for approximately 65 per cent of United States-bound Canadian crude oil exports and moves approximately 20 per cent of all natural gas consumed in the U.S., serving key supply basins and demand markets. The company's regulated utilities serve approximately 3.6 million retail customers in Ontario, Quebec, New Brunswick and New York. The company has ranked on the Global 100 Most Sustainable Corporations index for the past eight years; its common shares trade on the Toronto and New York stock exchanges under the symbol ENB.

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