[8-K] Enbridge, Inc Reports Material Event
Enbridge Inc. (ENB) 鈥� Form 8-K, Item 8.01 (Other Events)
On 20 June 2025, Enbridge closed a multi-tranche U.S. dollar debt offering totaling US$2.25 billion in senior unsecured notes:
- 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
- US$350 million tap of the existing 5.950% Senior Notes due 2054 (original US$800 million issued 5 Apr 2024)
The notes are fully and unconditionally guaranteed by Enbridge Energy Partners,-L.P. and Spectra Energy Partners,-LP鈥攂oth indirect, wholly-owned subsidiaries. The securities were issued off the company鈥檚 shelf Registration Statement (Form S-3, Reg. No. 333-266405) and sold pursuant to the Underwriting Agreement dated 16 June 2025. Supporting documentation鈥攊ncluding officers鈥� certificate, global note forms, and U.S./Canadian legal opinions鈥攊s filed as exhibits 1.1, 4.1-4.5, 5.1-5.2 and related consents.
Key take-aways for investors
- Successful execution of a sizeable US$2.25 billion financing in a single transaction signals continued market access.
- Staggered maturities (2028鈥�2054) lengthen the debt maturity profile and lock-in fixed coupons in the current rate environment.
- Incremental 2054 tap brings the total outstanding on that series to US$1.15 billion.
No financial statements, earnings data, or use-of-proceeds disclosure accompanied the filing.
Enbridge Inc. (ENB) 鈥� Modulo 8-K, Punto 8.01 (Altri Eventi)
Il 20 giugno 2025, Enbridge ha concluso un'offerta di debito in dollari USA suddivisa in pi霉 tranche per un totale di 2,25 miliardi di dollari USA in obbligazioni senior non garantite:
- 400 milioni di dollari USA di Obbligazioni Senior al 4,600% con scadenza 2028
- 600 milioni di dollari USA di Obbligazioni Senior al 4,900% con scadenza 2030
- 900 milioni di dollari USA di Obbligazioni Senior al 5,550% con scadenza 2035
- Una tranche aggiuntiva da 350 milioni di dollari USA delle Obbligazioni Senior al 5,950% con scadenza 2054 (emissione originaria di 800 milioni di dollari USA il 5 aprile 2024)
Le obbligazioni sono completamente e incondizionatamente garantite da Enbridge Energy Partners, L.P. e Spectra Energy Partners, L.P., entrambe controllate indirette e interamente possedute. I titoli sono stati emessi sulla base della dichiarazione di registrazione della societ脿 (Modulo S-3, Reg. n. 333-266405) e venduti in base all鈥橝ccordo di Sottoscrizione datato 16 giugno 2025. La documentazione di supporto 鈥� inclusi certificati degli ufficiali, moduli di nota globale e pareri legali USA/Canada 鈥� 猫 depositata come allegati 1.1, 4.1-4.5, 5.1-5.2 e consensi correlati.
Punti chiave per gli investitori
- La realizzazione con successo di un finanziamento significativo di 2,25 miliardi di dollari USA in un'unica transazione indica un accesso continuo ai mercati.
- Le scadenze scaglionate (2028鈥�2054) allungano il profilo di scadenza del debito e fissano i tassi cedolari nell鈥檃ttuale contesto di mercato.
- La tranche aggiuntiva del 2054 porta il totale in circolazione di quella serie a 1,15 miliardi di dollari USA.
Non sono stati forniti bilanci, dati sugli utili o informazioni sull鈥檜tilizzo dei proventi insieme alla comunicazione.
Enbridge Inc. (ENB) 鈥� Formulario 8-K, Punto 8.01 (Otros Eventos)
El 20 de junio de 2025, Enbridge cerr贸 una oferta de deuda en d贸lares estadounidenses dividida en varias tramos por un total de 2.250 millones de d贸lares estadounidenses en bonos senior no garantizados:
- 400 millones de d贸lares estadounidenses en Bonos Senior al 4,600% con vencimiento en 2028
- 600 millones de d贸lares estadounidenses en Bonos Senior al 4,900% con vencimiento en 2030
- 900 millones de d贸lares estadounidenses en Bonos Senior al 5,550% con vencimiento en 2035
- Una ampliaci贸n de 350 millones de d贸lares estadounidenses de los Bonos Senior al 5,950% con vencimiento en 2054 (emisi贸n original de 800 millones de d贸lares el 5 de abril de 2024)
Los bonos est谩n total y incondicionalmente garantizados por Enbridge Energy Partners, L.P. y Spectra Energy Partners, L.P., ambas subsidiarias indirectas y de propiedad total. Los valores fueron emitidos bajo la Declaraci贸n de Registro de la empresa (Formulario S-3, Reg. No. 333-266405) y vendidos conforme al Acuerdo de Suscripci贸n fechado el 16 de junio de 2025. La documentaci贸n de apoyo 鈥� que incluye certificados de oficiales, formularios de nota global y opiniones legales de EE.UU./Canad谩 鈥� se presenta como anexos 1.1, 4.1-4.5, 5.1-5.2 y consentimientos relacionados.
Puntos clave para los inversores
- La exitosa ejecuci贸n de un financiamiento significativo de 2.250 millones de d贸lares estadounidenses en una sola transacci贸n indica acceso continuo al mercado.
- Los vencimientos escalonados (2028鈥�2054) ampl铆an el perfil de vencimiento de la deuda y fijan cupones fijos en el entorno actual de tasas.
- La ampliaci贸n adicional de 2054 eleva el total en circulaci贸n de esa serie a 1.150 millones de d贸lares estadounidenses.
No se acompa帽aron estados financieros, datos de ganancias ni divulgaci贸n sobre el uso de los fondos con la presentaci贸n.
Enbridge Inc. (ENB) 鈥� 8-K 鞏戩嫕, 頃 8.01 (旮绊儉 鞚措菠韸�)
2025雲� 6鞗� 20鞚�, Enbridge電� 齑� 22.5鞏� 氙戈淡 雼煬 攴滊鞚� 雼れ 韸鸽灉旃� 氙疙檾 攵�毂� 氚滍枆鞚� 鞕勲頄堨姷雼堧嫟. 鞚措姅 靹犾垳鞙� 氍措嫶氤� 毂勱秾鞙茧 甑劚霅╇媹雼�:
- 2028雲� 毵岅赴 4.600% 靹犾垳鞙� 毂勱秾 4鞏� 雼煬
- 2030雲� 毵岅赴 4.900% 靹犾垳鞙� 毂勱秾 6鞏� 雼煬
- 2035雲� 毵岅赴 5.550% 靹犾垳鞙� 毂勱秾 9鞏� 雼煬
- 旮办〈 2054雲� 毵岅赴 5.950% 靹犾垳鞙� 毂勱秾鞚� 3.5鞏� 雼煬 於旉皜 氚滍枆 (2024雲� 4鞗� 5鞚� 斓滌磮 氚滍枆鞎� 8鞏� 雼煬)
鞚� 毂勱秾霌れ潃 Enbridge Energy Partners, L.P. 氚� Spectra Energy Partners, L.P.臧� 鞝勲┐鞝侅澊瓿� 氍挫“瓯挫爜鞙茧 氤挫頃橂┌, 霊� 須岇偓 氇憪 臧勳爲鞝侅溂搿� 鞕勳爠 鞛愴殞靷瀰雼堧嫟. 歃濌秾鞚� 須岇偓鞚� 霌彪 鞁犼碃靹�(Form S-3, 霌彪氩堩樃 333-266405)毳� 韱淀暣 氚滍枆霅橃棃鞙茧┌, 2025雲� 6鞗� 16鞚检瀽 鞚胳垬 瓿勳暯鞐� 霐半澕 韺愲Г霅橃棃鞀惦媹雼�. 甏�霠� 靹滊(鞛勳洂 鞚胳靹�, 旮�搿滊矊 雲疙姼 鞏戩嫕, 氙戈淡/旌愲倶雼� 氩曤 鞚橁铂靹� 霌�)電� 攵�靻嶌劀 1.1, 4.1-4.5, 5.1-5.2 氚� 甏�霠� 霃欖潣靹滊 鞝滌稖霅橃棃鞀惦媹雼�.
韴瀽鞛愲ゼ 鞙勴暅 欤检殧 靷暛
- 雼澕 瓯半灅鞐愳劀 22.5鞏� 雼煬 攴滊鞚� 雽�攴滊 鞛愱笀 臁半嫭 靹标车鞚� 歆�靻嶌爜鞚� 鞁滌灔 鞝戧芳靹膘潉 鞚橂頃╇媹雼�.
- 毵岅赴 攵勳偘(2028~2054雲�)鞚� 攵�毂� 毵岅赴 頂勲頃勳潉 鞐办灔頃橁碃 順勳灛 旮堧Μ 頇橁步鞐愳劀 瓿犾爼 炜犿彴鞚� 頇曤炒頃╇媹雼�.
- 於旉皜霅� 2054雲� 韸鸽灉旃橂姅 頃措嫻 鞁滊Μ歃堨潣 齑� 氚滍枆鞎§潉 11.5鞏� 雼煬搿� 歃濌皜鞁滌及鞀惦媹雼�.
鞛鞝滍憸, 靾橃澋 雿办澊韯� 霕愲姅 鞛愱笀 靷毄 雮挫棴鞚� 鞝滌稖 鞁� 鞝滉车霅橃 鞎婌晿鞀惦媹雼�.
Enbridge Inc. (ENB) 鈥� Formulaire 8-K, Point 8.01 (Autres 脡v茅nements)
Le 20 juin 2025, Enbridge a cl么tur茅 une 茅mission d鈥檕bligations en dollars am茅ricains multi-tranches totalisant 2,25 milliards USD en billets seniors non garantis :
- 400 millions USD d鈥檕bligations seniors 脿 4,600 % 茅ch茅ant en 2028
- 600 millions USD d鈥檕bligations seniors 脿 4,900 % 茅ch茅ant en 2030
- 900 millions USD d鈥檕bligations seniors 脿 5,550 % 茅ch茅ant en 2035
- Un compl茅ment de 350 millions USD sur les obligations seniors existantes 脿 5,950 % 茅ch茅ant en 2054 (茅mission initiale de 800 millions USD le 5 avril 2024)
Les obligations sont enti猫rement et inconditionnellement garanties par Enbridge Energy Partners, L.P. et Spectra Energy Partners, L.P., deux filiales indirectes d茅tenues 脿 100 %. Les titres ont 茅t茅 茅mis dans le cadre de la d茅claration d鈥檈nregistrement de la soci茅t茅 (Formulaire S-3, n掳 d鈥檈nregistrement 333-266405) et vendus selon l鈥檃ccord de souscription dat茅 du 16 juin 2025. La documentation de soutien 鈥� y compris les certificats des dirigeants, les formulaires de notes globales et les avis juridiques am茅ricains/canadiens 鈥� est d茅pos茅e en annexes 1.1, 4.1-4.5, 5.1-5.2 et consentements associ茅s.
Points cl茅s pour les investisseurs
- La r茅ussite d鈥檜n financement important de 2,25 milliards USD en une seule op茅ration t茅moigne d鈥檜n acc猫s continu aux march茅s.
- Les 茅ch茅ances 茅chelonn茅es (2028鈥�2054) allongent le profil d鈥櫭ヽh茅ance de la dette et verrouillent des coupons fixes dans le contexte actuel des taux.
- Le compl茅ment 2054 porte le total en circulation de cette s茅rie 脿 1,15 milliard USD.
Aucun 茅tat financier, donn茅e de r茅sultats ou information sur l鈥檜tilisation des fonds n鈥檃 茅t茅 fourni avec le d茅p么t.
Enbridge Inc. (ENB) 鈥� Formular 8-K, Punkt 8.01 (Sonstige Ereignisse)
Am 20. Juni 2025 hat Enbridge ein mehrstufiges US-Dollar-Schuldenangebot mit einem Gesamtvolumen von 2,25 Milliarden US-Dollar in Form von ungesicherten Senior Notes abgeschlossen:
- 400 Millionen US-Dollar 4,600% Senior Notes mit F盲lligkeit 2028
- 600 Millionen US-Dollar 4,900% Senior Notes mit F盲lligkeit 2030
- 900 Millionen US-Dollar 5,550% Senior Notes mit F盲lligkeit 2035
- Eine Nachbegebung von 350 Millionen US-Dollar der bestehenden 5,950% Senior Notes mit F盲lligkeit 2054 (urspr眉ngliche Emission von 800 Millionen US-Dollar am 5. April 2024)
Die Schuldverschreibungen sind vollst盲ndig und bedingungslos garantiert von Enbridge Energy Partners, L.P. und Spectra Energy Partners, L.P., beide indirekte, hundertprozentige Tochtergesellschaften. Die Wertpapiere wurden im Rahmen der Registrierungserkl盲rung des Unternehmens (Formular S-3, Reg. Nr. 333-266405) ausgegeben und gem盲脽 dem Zeichnungsvereinbarung vom 16. Juni 2025 verkauft. Unterst眉tzende Unterlagen 鈥� einschlie脽lich der Bescheinigung von leitenden Angestellten, globalen Anleiheformularen und US-/kanadischen Rechtsgutachten 鈥� sind als Anlagen 1.1, 4.1-4.5, 5.1-5.2 sowie zugeh枚rige Zustimmungen eingereicht.
Wichtige Erkenntnisse f眉r Investoren
- Die erfolgreiche Durchf眉hrung einer umfangreichen Finanzierung 眉ber 2,25 Milliarden US-Dollar in einer einzigen Transaktion signalisiert fortgesetzten Marktzugang.
- Gestaffelte F盲lligkeiten (2028鈥�2054) verl盲ngern das F盲lligkeitsprofil der Schulden und sichern feste Kupons im aktuellen Zinsumfeld.
- Die zus盲tzliche 2054er Nachbegebung erh枚ht den Gesamtbestand dieser Serie auf 1,15 Milliarden US-Dollar.
Keine Finanzberichte, Gewinnzahlen oder Angaben zur Mittelverwendung wurden mit der Meldung eingereicht.
- Successful placement of US$2.25 billion in senior notes, demonstrating continued access to U.S. capital markets.
- Staggered maturities (2028-2054) diversify and extend the company鈥檚 debt profile at fixed coupons.
- Notes carry full guarantees from key pipeline subsidiaries, enhancing credit support.
- Additional US$2.25 billion of gross debt increases leverage; no offsetting repayment detail provided.
- Coupons between 4.60% and 5.95% imply higher interest expense versus legacy low-rate debt.
Insights
TL;DR: ENB secures US$2.25 bn in fixed-rate notes, extending tenor; leverage edges up but liquidity enhanced.
The company tapped U.S. bond markets for four tranches ranging from 3- to 29-year maturities at coupons of 4.60%-5.95%. Execution under a shelf indicates pre-cleared documentation and efficient pricing. Guarantees from pipeline subsidiaries strengthen structural credit quality. From a credit-spread perspective, the coupons reflect prevailing investment-grade mid-BBB levels; no premium for execution risk is apparent, suggesting solid investor demand. Proceeds were not specified, so leverage impact depends on whether funds refinance maturities or support capex growth. Nonetheless, gross debt rises by US$2.25 bn on issuance date.
TL;DR: Financing is routine, positive for funding flexibility; equity impact modest unless leverage accelerates.
The multi-tranche deal extends the weighted-average maturity and locks in fixed rates, reducing refinancing uncertainty through 2035 while augmenting duration to 2054. This supports visibility of ENB鈥檚 dividend-backed cash-flow model, a key shareholder focus. However, without detail on use of proceeds, incremental leverage may dilute equity optionality. Overall, the event is operationally positive but not thesis-changing for long-term shareholders.
Enbridge Inc. (ENB) 鈥� Modulo 8-K, Punto 8.01 (Altri Eventi)
Il 20 giugno 2025, Enbridge ha concluso un'offerta di debito in dollari USA suddivisa in pi霉 tranche per un totale di 2,25 miliardi di dollari USA in obbligazioni senior non garantite:
- 400 milioni di dollari USA di Obbligazioni Senior al 4,600% con scadenza 2028
- 600 milioni di dollari USA di Obbligazioni Senior al 4,900% con scadenza 2030
- 900 milioni di dollari USA di Obbligazioni Senior al 5,550% con scadenza 2035
- Una tranche aggiuntiva da 350 milioni di dollari USA delle Obbligazioni Senior al 5,950% con scadenza 2054 (emissione originaria di 800 milioni di dollari USA il 5 aprile 2024)
Le obbligazioni sono completamente e incondizionatamente garantite da Enbridge Energy Partners, L.P. e Spectra Energy Partners, L.P., entrambe controllate indirette e interamente possedute. I titoli sono stati emessi sulla base della dichiarazione di registrazione della societ脿 (Modulo S-3, Reg. n. 333-266405) e venduti in base all鈥橝ccordo di Sottoscrizione datato 16 giugno 2025. La documentazione di supporto 鈥� inclusi certificati degli ufficiali, moduli di nota globale e pareri legali USA/Canada 鈥� 猫 depositata come allegati 1.1, 4.1-4.5, 5.1-5.2 e consensi correlati.
Punti chiave per gli investitori
- La realizzazione con successo di un finanziamento significativo di 2,25 miliardi di dollari USA in un'unica transazione indica un accesso continuo ai mercati.
- Le scadenze scaglionate (2028鈥�2054) allungano il profilo di scadenza del debito e fissano i tassi cedolari nell鈥檃ttuale contesto di mercato.
- La tranche aggiuntiva del 2054 porta il totale in circolazione di quella serie a 1,15 miliardi di dollari USA.
Non sono stati forniti bilanci, dati sugli utili o informazioni sull鈥檜tilizzo dei proventi insieme alla comunicazione.
Enbridge Inc. (ENB) 鈥� Formulario 8-K, Punto 8.01 (Otros Eventos)
El 20 de junio de 2025, Enbridge cerr贸 una oferta de deuda en d贸lares estadounidenses dividida en varias tramos por un total de 2.250 millones de d贸lares estadounidenses en bonos senior no garantizados:
- 400 millones de d贸lares estadounidenses en Bonos Senior al 4,600% con vencimiento en 2028
- 600 millones de d贸lares estadounidenses en Bonos Senior al 4,900% con vencimiento en 2030
- 900 millones de d贸lares estadounidenses en Bonos Senior al 5,550% con vencimiento en 2035
- Una ampliaci贸n de 350 millones de d贸lares estadounidenses de los Bonos Senior al 5,950% con vencimiento en 2054 (emisi贸n original de 800 millones de d贸lares el 5 de abril de 2024)
Los bonos est谩n total y incondicionalmente garantizados por Enbridge Energy Partners, L.P. y Spectra Energy Partners, L.P., ambas subsidiarias indirectas y de propiedad total. Los valores fueron emitidos bajo la Declaraci贸n de Registro de la empresa (Formulario S-3, Reg. No. 333-266405) y vendidos conforme al Acuerdo de Suscripci贸n fechado el 16 de junio de 2025. La documentaci贸n de apoyo 鈥� que incluye certificados de oficiales, formularios de nota global y opiniones legales de EE.UU./Canad谩 鈥� se presenta como anexos 1.1, 4.1-4.5, 5.1-5.2 y consentimientos relacionados.
Puntos clave para los inversores
- La exitosa ejecuci贸n de un financiamiento significativo de 2.250 millones de d贸lares estadounidenses en una sola transacci贸n indica acceso continuo al mercado.
- Los vencimientos escalonados (2028鈥�2054) ampl铆an el perfil de vencimiento de la deuda y fijan cupones fijos en el entorno actual de tasas.
- La ampliaci贸n adicional de 2054 eleva el total en circulaci贸n de esa serie a 1.150 millones de d贸lares estadounidenses.
No se acompa帽aron estados financieros, datos de ganancias ni divulgaci贸n sobre el uso de los fondos con la presentaci贸n.
Enbridge Inc. (ENB) 鈥� 8-K 鞏戩嫕, 頃 8.01 (旮绊儉 鞚措菠韸�)
2025雲� 6鞗� 20鞚�, Enbridge電� 齑� 22.5鞏� 氙戈淡 雼煬 攴滊鞚� 雼れ 韸鸽灉旃� 氙疙檾 攵�毂� 氚滍枆鞚� 鞕勲頄堨姷雼堧嫟. 鞚措姅 靹犾垳鞙� 氍措嫶氤� 毂勱秾鞙茧 甑劚霅╇媹雼�:
- 2028雲� 毵岅赴 4.600% 靹犾垳鞙� 毂勱秾 4鞏� 雼煬
- 2030雲� 毵岅赴 4.900% 靹犾垳鞙� 毂勱秾 6鞏� 雼煬
- 2035雲� 毵岅赴 5.550% 靹犾垳鞙� 毂勱秾 9鞏� 雼煬
- 旮办〈 2054雲� 毵岅赴 5.950% 靹犾垳鞙� 毂勱秾鞚� 3.5鞏� 雼煬 於旉皜 氚滍枆 (2024雲� 4鞗� 5鞚� 斓滌磮 氚滍枆鞎� 8鞏� 雼煬)
鞚� 毂勱秾霌れ潃 Enbridge Energy Partners, L.P. 氚� Spectra Energy Partners, L.P.臧� 鞝勲┐鞝侅澊瓿� 氍挫“瓯挫爜鞙茧 氤挫頃橂┌, 霊� 須岇偓 氇憪 臧勳爲鞝侅溂搿� 鞕勳爠 鞛愴殞靷瀰雼堧嫟. 歃濌秾鞚� 須岇偓鞚� 霌彪 鞁犼碃靹�(Form S-3, 霌彪氩堩樃 333-266405)毳� 韱淀暣 氚滍枆霅橃棃鞙茧┌, 2025雲� 6鞗� 16鞚检瀽 鞚胳垬 瓿勳暯鞐� 霐半澕 韺愲Г霅橃棃鞀惦媹雼�. 甏�霠� 靹滊(鞛勳洂 鞚胳靹�, 旮�搿滊矊 雲疙姼 鞏戩嫕, 氙戈淡/旌愲倶雼� 氩曤 鞚橁铂靹� 霌�)電� 攵�靻嶌劀 1.1, 4.1-4.5, 5.1-5.2 氚� 甏�霠� 霃欖潣靹滊 鞝滌稖霅橃棃鞀惦媹雼�.
韴瀽鞛愲ゼ 鞙勴暅 欤检殧 靷暛
- 雼澕 瓯半灅鞐愳劀 22.5鞏� 雼煬 攴滊鞚� 雽�攴滊 鞛愱笀 臁半嫭 靹标车鞚� 歆�靻嶌爜鞚� 鞁滌灔 鞝戧芳靹膘潉 鞚橂頃╇媹雼�.
- 毵岅赴 攵勳偘(2028~2054雲�)鞚� 攵�毂� 毵岅赴 頂勲頃勳潉 鞐办灔頃橁碃 順勳灛 旮堧Μ 頇橁步鞐愳劀 瓿犾爼 炜犿彴鞚� 頇曤炒頃╇媹雼�.
- 於旉皜霅� 2054雲� 韸鸽灉旃橂姅 頃措嫻 鞁滊Μ歃堨潣 齑� 氚滍枆鞎§潉 11.5鞏� 雼煬搿� 歃濌皜鞁滌及鞀惦媹雼�.
鞛鞝滍憸, 靾橃澋 雿办澊韯� 霕愲姅 鞛愱笀 靷毄 雮挫棴鞚� 鞝滌稖 鞁� 鞝滉车霅橃 鞎婌晿鞀惦媹雼�.
Enbridge Inc. (ENB) 鈥� Formulaire 8-K, Point 8.01 (Autres 脡v茅nements)
Le 20 juin 2025, Enbridge a cl么tur茅 une 茅mission d鈥檕bligations en dollars am茅ricains multi-tranches totalisant 2,25 milliards USD en billets seniors non garantis :
- 400 millions USD d鈥檕bligations seniors 脿 4,600 % 茅ch茅ant en 2028
- 600 millions USD d鈥檕bligations seniors 脿 4,900 % 茅ch茅ant en 2030
- 900 millions USD d鈥檕bligations seniors 脿 5,550 % 茅ch茅ant en 2035
- Un compl茅ment de 350 millions USD sur les obligations seniors existantes 脿 5,950 % 茅ch茅ant en 2054 (茅mission initiale de 800 millions USD le 5 avril 2024)
Les obligations sont enti猫rement et inconditionnellement garanties par Enbridge Energy Partners, L.P. et Spectra Energy Partners, L.P., deux filiales indirectes d茅tenues 脿 100 %. Les titres ont 茅t茅 茅mis dans le cadre de la d茅claration d鈥檈nregistrement de la soci茅t茅 (Formulaire S-3, n掳 d鈥檈nregistrement 333-266405) et vendus selon l鈥檃ccord de souscription dat茅 du 16 juin 2025. La documentation de soutien 鈥� y compris les certificats des dirigeants, les formulaires de notes globales et les avis juridiques am茅ricains/canadiens 鈥� est d茅pos茅e en annexes 1.1, 4.1-4.5, 5.1-5.2 et consentements associ茅s.
Points cl茅s pour les investisseurs
- La r茅ussite d鈥檜n financement important de 2,25 milliards USD en une seule op茅ration t茅moigne d鈥檜n acc猫s continu aux march茅s.
- Les 茅ch茅ances 茅chelonn茅es (2028鈥�2054) allongent le profil d鈥櫭ヽh茅ance de la dette et verrouillent des coupons fixes dans le contexte actuel des taux.
- Le compl茅ment 2054 porte le total en circulation de cette s茅rie 脿 1,15 milliard USD.
Aucun 茅tat financier, donn茅e de r茅sultats ou information sur l鈥檜tilisation des fonds n鈥檃 茅t茅 fourni avec le d茅p么t.
Enbridge Inc. (ENB) 鈥� Formular 8-K, Punkt 8.01 (Sonstige Ereignisse)
Am 20. Juni 2025 hat Enbridge ein mehrstufiges US-Dollar-Schuldenangebot mit einem Gesamtvolumen von 2,25 Milliarden US-Dollar in Form von ungesicherten Senior Notes abgeschlossen:
- 400 Millionen US-Dollar 4,600% Senior Notes mit F盲lligkeit 2028
- 600 Millionen US-Dollar 4,900% Senior Notes mit F盲lligkeit 2030
- 900 Millionen US-Dollar 5,550% Senior Notes mit F盲lligkeit 2035
- Eine Nachbegebung von 350 Millionen US-Dollar der bestehenden 5,950% Senior Notes mit F盲lligkeit 2054 (urspr眉ngliche Emission von 800 Millionen US-Dollar am 5. April 2024)
Die Schuldverschreibungen sind vollst盲ndig und bedingungslos garantiert von Enbridge Energy Partners, L.P. und Spectra Energy Partners, L.P., beide indirekte, hundertprozentige Tochtergesellschaften. Die Wertpapiere wurden im Rahmen der Registrierungserkl盲rung des Unternehmens (Formular S-3, Reg. Nr. 333-266405) ausgegeben und gem盲脽 dem Zeichnungsvereinbarung vom 16. Juni 2025 verkauft. Unterst眉tzende Unterlagen 鈥� einschlie脽lich der Bescheinigung von leitenden Angestellten, globalen Anleiheformularen und US-/kanadischen Rechtsgutachten 鈥� sind als Anlagen 1.1, 4.1-4.5, 5.1-5.2 sowie zugeh枚rige Zustimmungen eingereicht.
Wichtige Erkenntnisse f眉r Investoren
- Die erfolgreiche Durchf眉hrung einer umfangreichen Finanzierung 眉ber 2,25 Milliarden US-Dollar in einer einzigen Transaktion signalisiert fortgesetzten Marktzugang.
- Gestaffelte F盲lligkeiten (2028鈥�2054) verl盲ngern das F盲lligkeitsprofil der Schulden und sichern feste Kupons im aktuellen Zinsumfeld.
- Die zus盲tzliche 2054er Nachbegebung erh枚ht den Gesamtbestand dieser Serie auf 1,15 Milliarden US-Dollar.
Keine Finanzberichte, Gewinnzahlen oder Angaben zur Mittelverwendung wurden mit der Meldung eingereicht.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date
of report (Date of earliest event reported):
(Exact Name of Registrant as Specified in Charter)
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
(Address of Principal Executive Offices) (Zip Code)
(Registrant’s telephone number, including area code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading
Symbol(s) |
Name
of each exchange on which registered | ||
| Item 8.01 | Other Events. |
On June 20, 2025, Enbridge Inc. (the “Corporation”) completed the offering of US$400,000,000 aggregate principal amount of its 4.600% Senior Notes due 2028 (the “2028 Notes”), US$600,000,000 aggregate principal amount of its 4.900% Senior Notes due 2030 (the “2030 Notes”), US$900,000,000 aggregate principal amount of its 5.550% Senior Notes due 2035 (the “2035 Notes”) and an additional US$350,000,000 aggregate principal amount of its 5.950% Senior Notes due 2054 (the “New 2054 Notes” and, together with the 2028 Notes, the 2030 Notes and the 2035 Notes, the “Notes”). The New 2054 Notes constitute a further issuance of, and form a single series with, the $800,000,000 aggregate principal amount outstanding of the Corporation’s 5.950% Senior Notes due 2054 issued on April 5, 2024. The Notes are fully and unconditionally guaranteed by Enbridge Energy Partners, L.P. and Spectra Energy Partners, LP (together, the “Guarantors”), each of which is an indirect, wholly-owned subsidiary of the Corporation.
The Notes were offered pursuant to the Corporation’s Registration Statement on Form S-3 filed with the Securities and Exchange Commission on July 29, 2022 (Reg. No. 333-266405) (the “Registration Statement”).
The following documents relating to the sale of the Notes are filed as exhibits to this Current Report on Form 8-K and are incorporated by reference into this Item 8.01 and the Registration Statement:
| · | Underwriting Agreement, dated June 16, 2025, between the Corporation, the Guarantors and the underwriters party thereto. |
| · | Officers’ Certificate of the Corporation, dated June 20, 2025. |
| · | Form of Global Note representing the 2028 Notes. |
| · | Form of Global Note representing the 2030 Notes. |
| · | Form of Global Note representing the 2035 Notes. |
| · | Form of Global Note representing the New 2054 Notes. |
| · | Opinion of Sullivan & Cromwell LLP, U.S. counsel for the Corporation, as to the validity of the Notes and related guarantees. |
| · | Opinion of McCarthy Tétrault LLP, Canadian counsel for the Corporation, as to the validity of the Notes. |
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit Number |
Description | |
| 1.1 | Underwriting Agreement, dated June 16, 2025, between the Corporation, the Guarantors and the underwriters party thereto. | |
| 4.1 | Officers’ Certificate of the Corporation, dated June 20, 2025. | |
| 4.2 | Form of Global Note representing the 2028 Notes (included in Exhibit 4.1). | |
| 4.3 | Form of Global Note representing the 2030 Notes (included in Exhibit 4.1). | |
| 4.4 | Form of Global Note representing the 2035 Notes (included in Exhibit 4.1). | |
| 4.5 | Form of Global Note representing the New 2054 Notes (included in Exhibit 4.1). | |
| 5.1 | Opinion of Sullivan & Cromwell LLP, U.S. counsel for the Corporation, as to the validity of the Notes and related guarantees. | |
| 5.2 | Opinion of McCarthy Tétrault LLP, Canadian counsel for the Corporation, as to the validity of the Notes. | |
| 23.1 | Consent of Sullivan & Cromwell LLP (included in Exhibit 5.1 above). | |
| 23.2 | Consent of McCarthy Tétrault LLP (included in Exhibit 5.2 above). | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| ENBRIDGE INC. | ||
| (Registrant) | ||
| Date: June 20, 2025 | By: | /s/ David Taniguchi |
| David Taniguchi | ||
| Vice President, Legal & Corporate Secretary | ||
| (Duly Authorized Officer) | ||
Source:
FAQ
How much capital did Enbridge (ENB) raise in the June 2025 note offering?
What are the interest rates and maturities of Enbridge鈥檚 new notes?
Are the new Enbridge notes guaranteed by subsidiaries?
Under which SEC registration did Enbridge issue these notes?
Will this financing affect Enbridge鈥檚 leverage?
