Summary
Enbridge Inc. (ENB) has announced the completion of a significant debt offering, raising a total of US$2.25 billion across multiple tranches of senior notes. This issuance includes US$400 million in 4.600% Senior Notes due 2028, US$600 million in 4.900% Senior Notes due 2030, US$900 million in 5.550% Senior Notes due 2035, and an additional US$350 million in 5.950% Senior Notes due 2054. The latter constitutes a further issuance, augmenting an existing series. These notes are fully and unconditionally guaranteed by Enbridge's indirect, wholly-owned subsidiaries, Enbridge Energy Partners, L.P. and Spectra Energy Partners, LP.
Key Highlights
- 1Completion of a US$2.25 billion senior notes offering on June 20, 2025.
- 2Issuance includes notes with maturities in 2028, 2030, 2035, and 2054, with coupon rates ranging from 4.600% to 5.950%.
- 3The new 5.950% Senior Notes due 2054 represent an expansion of an existing debt series.
- 4The Notes are fully and unconditionally guaranteed by Enbridge Energy Partners, L.P. and Spectra Energy Partners, LP.
- 5The offering was conducted under Enbridge's previously filed Form S-3 Registration Statement.
- 6Key documents related to the offering, including the Underwriting Agreement and legal opinions, have been filed as exhibits.
Frequently Asked Questions
Enbridge Inc. raised a total of US$2.25 billion through the offering of its senior notes.
The company issued US$400 million of 4.600% Senior Notes due 2028, US$600 million of 4.900% Senior Notes due 2030, US$900 million of 5.550% Senior Notes due 2035, and US$350 million of 5.950% Senior Notes due 2054.
The Notes are fully and unconditionally guaranteed by Enbridge Energy Partners, L.P. and Spectra Energy Partners, LP, which are indirect, wholly-owned subsidiaries of Enbridge Inc.
No, the notes were offered pursuant to Enbridge's existing Registration Statement on Form S-3 filed with the SEC on July 29, 2022.