01—Abstract
Summary
Summary of the 8-K filed June 20, 2025. Cited figures are marked; the original filing is the authoritative source.
Enbridge Inc. (ENB) has announced the completion of a significant debt offering, raising a total of US$2.25 billiona across multiple tranches of senior notes.
This issuance includes US$400 millionb 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.
02—Key points
Key Highlights
- Completion of a US$2.25 billion senior notes offering on June 20, 2025.
- Issuance includes notes with maturities in 2028, 2030, 2035, and 2054, with coupon rates ranging from 4.600% to 5.950%.
- The new 5.950% Senior Notes due 2054 represent an expansion of an existing debt series.
- The Notes are fully and unconditionally guaranteed by Enbridge Energy Partners, L.P. and Spectra Energy Partners, LP.
- The offering was conducted under Enbridge's previously filed Form S-3 Registration Statement.
- Key documents related to the offering, including the Underwriting Agreement and legal opinions, have been filed as exhibits.
03—Questions
Frequently Asked Questions
What was the total amount of debt Enbridge Inc. raised in this offering?
Enbridge Inc. raised a total of US$2.25 billion through the offering of its senior notes.
What are the specific tranches and interest rates of the notes issued?
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.
Who is providing the guarantees for these new notes?
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.
Was this a new registration for these notes?
No, the notes were offered pursuant to Enbridge's existing Registration Statement on Form S-3 filed with the SEC on July 29, 2022.
04—Continue