Enbridge Announces CDN$2.6 Billion Common Share Offering to Fund Acquisitions

Enbridge Inc. announced it has entered into an agreement with a syndicate of underwriters for a "bought-deal" offering of 38.9 million common shares to raise gross proceeds of CDN$2.6 billion. The net proceeds are intended to partially fund previously announced acquisitions and provide financial flexibility for future growth.

Key Details

• Offering Size: CDN$2.6 billion in gross proceeds from the sale of 38,900,000 common shares.
• Offering Price: CDN$66.85 per common share.
• Over-Allotment Option: Underwriters have a 30-day option to purchase up to 15% in additional shares, which could increase total gross proceeds to approximately CDN$3.0 billion.
• Expected Closing Date: On or about September 14, 2026.