Enbridge Completes Public Offering Of 2.9% Senior Notes, Due 2022 For US$700 Million

Published: Jun 27 2017
Deal Summary

Enbridge Inc., an energy transportation and distribution company, completed the public offering 2.9% senior notes, due July 15, 2022, for gross proceeds of US$700 million (MM). Interest on notes will be payable semi-annually in arrears on January 15 and July 15 of each year, commencing from January 15, 2018. The notes are issued at 99.916% of the principal amount.

J.P. Morgan Securities LLC, Citigroup Global Markets Inc., SMBC Nikko Securities America, Inc., and Wells Fargo Securities LLC acted as joint book-running managers to the company for the offering. BNP Paribas Securities Corp., Credit Agricole Securities (USA) Inc, HSBC Securities (USA) Inc., SG Americas Securities LLC, BB&T Capital Markets, and Loop Capital Markets LLC acted as underwriters to the company for the offering. The company intends to use the proceeds from the offering for general corporate purposes.

Deal history

Completed: On July 7, 2017, Enbridge completed the public offering of 2.9% senior notes, due 2022, for gross proceeds of US$700 MM.

Announced: On June 27, 2017, Enbridge agreed to issue 2.9% senior notes, due 2022, for gross proceeds of US$700 MM, in a public offering.

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