Capital Markets

The Underwriters in Enbridge Inc.’s US$1.5 billion offering of notes

Enbridge Inc.
Key Contact
John Macfarlane

Partner, Corporate, Toronto

Team
Bradley Lastman

Associate, Corporate, Toronto

James Chang

Associate, Tax, Toronto

Timothy Hughes

Partner, Tax, Toronto

 

On February 19, 2022, Enbridge completed its three tranche public offering consisting of US$400 million 2.15% senior notes, US$500 million 2.5% senior notes and US$600 million floating rate senior notes. The offerings have aggregate proceeds of approximately US$1.5 billion and were made through a syndicate of underwriters with BofA Securities, Inc., Mizuho Securities USA Inc., SMBC Nikko Securities America, Inc., Truist Securities, Inc. acting as bookrunners.

Enbridge Inc. is a North American energy infrastructure company specializing in liquids pipelines, gas distribution and storage and renewable power generation.

Osler, Hoskin & Harcourt LLP acted as Canadian counsel to the Underwriters with a team consisting of John Macfarlane, Bradley Lastman (Corporate), Timothy Hughes, and James Chang (Tax).

Value
US$1.5 billion
Date Closed
February 19, 2022
Lead Office
Toronto
Key Contact
John Macfarlane

Partner, Corporate, Toronto

Team
Bradley Lastman

Associate, Corporate, Toronto

James Chang

Associate, Tax, Toronto

Timothy Hughes

Partner, Tax, Toronto