Enbridge Announces the Closing of CDN$3.0 BillionCommon Equity Offering Inclusive of Underwriters' Over-Allotment Option
Enbridge closed its previously announced public offering of 44,735,000 common shares, including the full exercise of the underwriters' 5,835,000-share over-allotment option, for gross proceeds of approximately CDN$3.0 billion. Net proceeds are intended to partially fund announced acquisitions and create financial flexibility for potential future growth, with a portion potentially used temporarily to reduce indebtedness or held in short-term liquid investments.
Key figures
- Shares Offered
- 44735000
- Gross proceeds cad
- 3000000000
- Gross proceeds note
- approximately CDN$3.0 billion
- Over allotment shares
- 5835000
- Over allotment exercised
- in full
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