8-K

ENBRIDGE INC 8-K Report (Apr 1, 2016)

Filed April 1, 2016For Securities:ENBENBMFEBBGFEBRGFEBRZFENBGFENBRFENFFFEBGEFENBFFENBHFENBNFENBOFENBSFEBBNFENNPF

Summary

This Form 6-K filing by Enbridge Inc. (ENB) on April 1, 2016, primarily announces the closing of a significant CDN$2.3 billion common equity offering, which included the full exercise of the underwriters' over-allotment option. The offering resulted in the issuance of 56,511,000 common shares, providing Enbridge with substantial capital. The proceeds from this offering are earmarked for reducing short-term indebtedness and are expected to sufficiently fund Enbridge's equity requirements for its consolidated commercially secured growth program through the end of 2017. This capital raise demonstrates Enbridge's proactive approach to financing its strategic growth initiatives and managing its balance sheet.

Key Highlights

  • 1Enbridge Inc. successfully closed a common equity offering raising approximately CDN$2.3 billion.
  • 2The offering included the exercise of the underwriters' over-allotment option, resulting in the issuance of 56,511,000 common shares.
  • 3Proceeds will be used to pay down short-term indebtedness.
  • 4The equity raised is expected to meet the funding needs for Enbridge's secured growth program through the end of 2017.
  • 5The filing is a Form 6-K, reporting information from a foreign issuer.
  • 6The press release included in the filing is dated March 1, 2016.

Frequently Asked Questions

The primary purpose of this Form 6-K filing was to announce the successful closing of Enbridge Inc.'s CDN$2.3 billion common equity offering and to provide details on the number of shares issued and the intended use of proceeds.

Enbridge Inc. raised approximately CDN$2.3 billion in gross proceeds from this common equity offering.

The proceeds from the offering will be used to pay down short-term indebtedness and are expected to fulfill the equity funding requirements for Enbridge's consolidated commercially secured growth program through the end of 2017.

This filing is a Form 6-K, which is a report of foreign issuers filed with the SEC. Enbridge Inc. is a Canadian company, and this form is used to furnish information to the U.S. Securities and Exchange Commission that is made public in its home country.