Enbridge Closes CDN$3.0B Bought Deal Public Common Share Offering

Summary of Public Offering

On September 14, 2026, Enbridge Inc. (NYSE: ENB) reported the closing of a major bought-deal public offering of common shares pursuant to an Underwriting Agreement dated September 10, 2026.

Key Transaction Terms

• Base Offering: 38,900,000 Common Shares
• Over-Allotment Option: 5,835,000 Common Shares (exercised in full)
• Total Shares Issued: 44,735,000 Common Shares
• Offering Price: CDN$66.85 per share
• Aggregate Gross Proceeds: Approximately CDN$3.0 billion (before deducting underwriting commissions and offering expenses)
• Lead Underwriters: RBC Dominion Securities Inc. and CIBC World Markets Inc.

Strategic and Market Context

• The shares were issued under Enbridge's effective shelf registration statement on Form S-3 (File No. 333-289186) in the United States and a corresponding base shelf prospectus in Canada.
• The multi-billion dollar capital raise provides significant liquidity for corporate purposes, capital expenditure funding, or balance sheet deleveraging, while introducing moderate equity dilution across the total common share base.