Enbridge Inc. has closed its "bought deal" public offering of common shares, raising approximately CDN$3.0 billion in aggregate gross proceeds. The transaction involved a syndicate of underwriters co-led by RBC Dominion Securities Inc. and CIBC World Market Inc.

Key Details

  • Offering Details: Issued and sold a total of 44,735,000 common shares at a price of CDN$66.85 per share.
  • Gross Proceeds: The offering generated aggregate gross proceeds of approximately CDN$3.0 billion before deducting underwriting commissions and offering expenses.
  • Over-Allotment Option: The total shares sold includes 5,835,000 common shares issued upon the full exercise of the underwriters' over-allotment option.
  • Timeline: The underwriting agreement was entered into on September 10, 2026, and the shares were issued and sold on September 14, 2026.