Enbridge Raises USD1.17 Billion in Private Placement of Shares

Published: Nov 29 2017
Deal Summary

Enbridge Inc., an energy infrastructure company, has completed the private placement of 33,456,003 common shares at a price of CAD44.84 per share (USD35.06 per share), for gross proceeds of CAD1.5 billion (USD1.173 billion). The offering was subscribed to by three large institutional investors.

The company intends to use the proceeds to pay down short term indebtedness pending investment in capital projects.

Deal History:

Announced: On December 6, 2017, Enbridge has agreed to issue 33,456,003 common shares at a price of CAD44.84 (USD35.06) per share, for gross proceeds of CAD1.5 billion (USD1.173 billion), in a private placement.

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