{"success":true,"data":{"pressRelease":{"id":"142538","rtpr_id":"nPn4DmknKa-20260914","ticker":"ENB","exchange":"NYSE","all_tickers":["ENB"],"title":"Enbridge Announces the Closing of CDN$3.0 BillionCommon Equity Offering Inclusive of Underwriters' Over-Allotment Option","author":"PR Newswire","published_at":"2026-09-14T12:24:37.639Z","article_body":"Enbridge Announces the Closing of CDN$3.0 BillionCommon Equity Offering Inclusive of Underwriters' Over-Allotment Option\nPR Newswire\n\nCALGARY, AB, Sept. 14, 2026\n\nCALGARY, AB, Sept. 14, 2026 /PRNewswire/ -- Enbridge Inc. (TSX:\nENB) (NYSE: ENB) (\"Enbridge\" or the \"Company\") today announced it has closed\nits previously announced public offering (the Offering) of common shares by a\nsyndicate of underwriters led by RBC Capital Markets and CIBC Capital Markets,\nand including Scotiabank, BMO Capital Markets, TD Securities Inc., and\nNational Bank of Canada Capital Markets as joint bookrunners. Enbridge issued\n44,735,000 common shares inclusive of 5,835,000 common shares issued pursuant\nto the full exercise of the underwriters' over-allotment option. Gross\nproceeds from the Offering are approximately CDN$3.0 billion.\n\nEnbridge intends to use the net proceeds from the Offering to partially fund\nannounced acquisitions and to create financial flexibility to fund potential\nfuture growth opportunities. A portion of the net proceeds of the Offering may\nbe temporarily used to reduce indebtedness or invested in short-term liquid\ninvestments.\n\nThis press release shall not constitute an offer to sell or the solicitation\nof an offer to buy any securities, nor will there be any sale of these\nsecurities, in any jurisdiction in which such offer, solicitation or sale\nwould be unlawful prior to registration or qualification under the securities\nlaws of any such jurisdiction.\n\nAccess to the Canadian prospectus supplement in respect of the Offering (the\n\"Canadian Prospectus Supplement\"), the corresponding base shelf prospectus\n(the \"Canadian Prospectus\") and any amendment to these documents is provided\nin accordance with securities legislation relating to procedures for providing\naccess to a shelf prospectus supplement, a base shelf prospectus and any\namendment. Copies of both the Canadian Prospectus and the Canadian Prospectus\nSupplement are available on SEDAR+ (http://www.sedarplus.ca\n(http://www.sedarplus.ca) ). Copies of both the prospectus (the \"U.S.\nProspectus\") included in Enbridge's automatic shelf registration statement on\nForm S-3 (File No. 289186) filed with the U.S. Securities and Exchange\nCommission (the \"SEC\") and the related prospectus supplement to the U.S.\nProspectus for the Offering (the \"U.S. Prospectus Supplement\") are available\non the SEC website (http://www.sec.gov (http://www.sec.gov) ). Potential\ninvestors can request, without charge, electronic or paper copies of the\nCanadian Prospectus and Canadian Prospectus Supplement from RBC Dominion\nSecurities Inc., 180 Wellington Street West, 8th Floor, Toronto, ON M5J 0C2,\nAttention: Distribution Centre via email at Distribution RBCDS@rbccm.com, or\nfrom CIBC Capital Markets, 161 Bay Street, 5th Floor, Toronto, ON M5J 2S8, or\nvia telephone: 1-416 956-6378, or via email at\nMailbox.CanadianProspectus@cibc.com. Potential investors can request, without\ncharge, electronic or paper copies of the U.S. Prospectus and U.S. Prospectus\nSupplement from RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New\nYork, NY 10281-8098, Attention: Equity Syndicate, or via telephone:\n877-822-4089, or via email at equityprospectus@rbccm.com, or CIBC Capital\nMarkets, 161 Bay Street, 5th Floor, Toronto, ON M5J 2S8, or via telephone at\n1-416-956-6378, or via email at Mailbox.USProspectus@cibc.com\n(mailto:Mailbox.USProspectus@cibc.com) .\nAbout Enbridge Inc.\nAt Enbridge, we safely connect millions of people to the energy they rely on\nevery day, fueling quality of life through our North American natural gas, oil\nand renewable power networks and our European offshore wind portfolio. We're\ninvesting in modern energy delivery infrastructure to sustain access to\nsecure, affordable energy and building on more than a century of operating\nconventional energy infrastructure and two decades of experience in renewable\npower. We're advancing new technologies including hydrogen, renewable natural\ngas and carbon capture and storage. Headquartered in Calgary, Alberta,\nEnbridge's common shares trade under the symbol ENB on the Toronto (TSX) and\nNew York (NYSE) stock exchanges. To learn more, visit us at enbridge.com.\nForward Looking Statements\nThis news release contains both historical and forward-looking statements\nwithin the meaning of Section 27A of the U.S. Securities Act of 1933, as\namended, and Section 21E of the U.S. Securities Exchange Act of 1934, as\namended, and forward-looking information within the meaning of Canadian\nsecurities laws (collectively, \"forward-looking statements\"). Forward-looking\nstatements have been included in this news release to provide potential\ninvestors with information about Enbridge. This information may not be\nappropriate for other purposes. Forward-looking statements are typically\nidentified by words such as \"anticipate\", \"expect\", \"project\", \"estimate\",\n\"forecast\", \"plan\", \"intend\", \"target\", \"believe\", \"likely\", and similar words\nsuggesting future outcomes or statements regarding an outlook. Forward-looking\nstatements included in this news release include, but are not limited to,\nstatements regarding the use of proceeds of the Offering.\n\nAlthough Enbridge believes these forward-looking statements are reasonable\nbased on the information available on the date such statements are made and\nprocesses used to prepare the information, such statements are not guarantees\nof future events and readers are cautioned against placing undue reliance on\nforward-looking statements. By their nature, these statements involve a\nvariety of assumptions, known and unknown risks and uncertainties and other\nfactors, which may cause actual events to differ materially from those\nexpressed or implied by such statements.\n\nEnbridge's forward-looking statements are subject to risks and uncertainties,\nincluding, but not limited to those risks and uncertainties disclosed in\nEnbridge's other filings with Canadian and United States securities\nregulators. The impact of any one assumption, risk, uncertainty or factor on a\nparticular forward-looking statement is not determinable with certainty as\nthese are interdependent and Enbridge's future course of action depends on\nmanagement's assessment of all information available at the relevant time.\nExcept to the extent required by applicable law, Enbridge assumes no\nobligation to publicly update or revise any forward-looking statement made in\nthis news release or otherwise, whether as a result of new information, future\nevents or otherwise. All subsequent forward-looking statements, whether\nwritten or oral, attributable to Enbridge or persons acting on its behalf, are\nexpressly qualified in their entirety by these cautionary statements.\n\nFOR FURTHER INFORMATION PLEASE CONTACT:\n Enbridge Inc. - Media                                  Enbridge Inc. - Investment Community\n Toll Free: (888) 992-0997                              Marlon Samuel\n Email: media@enbridge.com (mailto:media@enbridge.com)  Toll Free: (800) 481-2804\n                                                        Email: investor.relations@enbridge.com\n                                                        (mailto:investor.relations@enbridge.com)\n\nView original\ncontent:https://www.prnewswire.com/news-releases/enbridge-announces-the-closing-of-cdn3-0-billioncommon-equity-offering-inclusive-of-underwriters-over-allotment-option-302877615.html\n(https://www.prnewswire.com/news-releases/enbridge-announces-the-closing-of-cdn3-0-billioncommon-equity-offering-inclusive-of-underwriters-over-allotment-option-302877615.html)\n\nSOURCE Enbridge Inc.\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn4DmknKa-20260914","title":"Enbridge Announces the Closing of CDN$3.0 BillionCommon Equity Offering Inclusive of Underwriters' Over-Allotment Option","author":"PR Newswire","ticker":"ENB","created":"2026-09-14T12:24:37.639Z","tickers":["ENB"],"exchange":"NYSE","article_body":"Enbridge Announces the Closing of CDN$3.0 BillionCommon Equity Offering Inclusive of Underwriters' Over-Allotment Option\nPR Newswire\n\nCALGARY, AB, Sept. 14, 2026\n\nCALGARY, AB, Sept. 14, 2026 /PRNewswire/ -- Enbridge Inc. (TSX:\nENB) (NYSE: ENB) (\"Enbridge\" or the \"Company\") today announced it has closed\nits previously announced public offering (the Offering) of common shares by a\nsyndicate of underwriters led by RBC Capital Markets and CIBC Capital Markets,\nand including Scotiabank, BMO Capital Markets, TD Securities Inc., and\nNational Bank of Canada Capital Markets as joint bookrunners. Enbridge issued\n44,735,000 common shares inclusive of 5,835,000 common shares issued pursuant\nto the full exercise of the underwriters' over-allotment option. Gross\nproceeds from the Offering are approximately CDN$3.0 billion.\n\nEnbridge intends to use the net proceeds from the Offering to partially fund\nannounced acquisitions and to create financial flexibility to fund potential\nfuture growth opportunities. A portion of the net proceeds of the Offering may\nbe temporarily used to reduce indebtedness or invested in short-term liquid\ninvestments.\n\nThis press release shall not constitute an offer to sell or the solicitation\nof an offer to buy any securities, nor will there be any sale of these\nsecurities, in any jurisdiction in which such offer, solicitation or sale\nwould be unlawful prior to registration or qualification under the securities\nlaws of any such jurisdiction.\n\nAccess to the Canadian prospectus supplement in respect of the Offering (the\n\"Canadian Prospectus Supplement\"), the corresponding base shelf prospectus\n(the \"Canadian Prospectus\") and any amendment to these documents is provided\nin accordance with securities legislation relating to procedures for providing\naccess to a shelf prospectus supplement, a base shelf prospectus and any\namendment. Copies of both the Canadian Prospectus and the Canadian Prospectus\nSupplement are available on SEDAR+ (http://www.sedarplus.ca\n(http://www.sedarplus.ca) ). Copies of both the prospectus (the \"U.S.\nProspectus\") included in Enbridge's automatic shelf registration statement on\nForm S-3 (File No. 289186) filed with the U.S. Securities and Exchange\nCommission (the \"SEC\") and the related prospectus supplement to the U.S.\nProspectus for the Offering (the \"U.S. Prospectus Supplement\") are available\non the SEC website (http://www.sec.gov (http://www.sec.gov) ). Potential\ninvestors can request, without charge, electronic or paper copies of the\nCanadian Prospectus and Canadian Prospectus Supplement from RBC Dominion\nSecurities Inc., 180 Wellington Street West, 8th Floor, Toronto, ON M5J 0C2,\nAttention: Distribution Centre via email at Distribution RBCDS@rbccm.com, or\nfrom CIBC Capital Markets, 161 Bay Street, 5th Floor, Toronto, ON M5J 2S8, or\nvia telephone: 1-416 956-6378, or via email at\nMailbox.CanadianProspectus@cibc.com. Potential investors can request, without\ncharge, electronic or paper copies of the U.S. Prospectus and U.S. Prospectus\nSupplement from RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New\nYork, NY 10281-8098, Attention: Equity Syndicate, or via telephone:\n877-822-4089, or via email at equityprospectus@rbccm.com, or CIBC Capital\nMarkets, 161 Bay Street, 5th Floor, Toronto, ON M5J 2S8, or via telephone at\n1-416-956-6378, or via email at Mailbox.USProspectus@cibc.com\n(mailto:Mailbox.USProspectus@cibc.com) .\nAbout Enbridge Inc.\nAt Enbridge, we safely connect millions of people to the energy they rely on\nevery day, fueling quality of life through our North American natural gas, oil\nand renewable power networks and our European offshore wind portfolio. We're\ninvesting in modern energy delivery infrastructure to sustain access to\nsecure, affordable energy and building on more than a century of operating\nconventional energy infrastructure and two decades of experience in renewable\npower. We're advancing new technologies including hydrogen, renewable natural\ngas and carbon capture and storage. Headquartered in Calgary, Alberta,\nEnbridge's common shares trade under the symbol ENB on the Toronto (TSX) and\nNew York (NYSE) stock exchanges. To learn more, visit us at enbridge.com.\nForward Looking Statements\nThis news release contains both historical and forward-looking statements\nwithin the meaning of Section 27A of the U.S. Securities Act of 1933, as\namended, and Section 21E of the U.S. Securities Exchange Act of 1934, as\namended, and forward-looking information within the meaning of Canadian\nsecurities laws (collectively, \"forward-looking statements\"). Forward-looking\nstatements have been included in this news release to provide potential\ninvestors with information about Enbridge. This information may not be\nappropriate for other purposes. Forward-looking statements are typically\nidentified by words such as \"anticipate\", \"expect\", \"project\", \"estimate\",\n\"forecast\", \"plan\", \"intend\", \"target\", \"believe\", \"likely\", and similar words\nsuggesting future outcomes or statements regarding an outlook. Forward-looking\nstatements included in this news release include, but are not limited to,\nstatements regarding the use of proceeds of the Offering.\n\nAlthough Enbridge believes these forward-looking statements are reasonable\nbased on the information available on the date such statements are made and\nprocesses used to prepare the information, such statements are not guarantees\nof future events and readers are cautioned against placing undue reliance on\nforward-looking statements. By their nature, these statements involve a\nvariety of assumptions, known and unknown risks and uncertainties and other\nfactors, which may cause actual events to differ materially from those\nexpressed or implied by such statements.\n\nEnbridge's forward-looking statements are subject to risks and uncertainties,\nincluding, but not limited to those risks and uncertainties disclosed in\nEnbridge's other filings with Canadian and United States securities\nregulators. The impact of any one assumption, risk, uncertainty or factor on a\nparticular forward-looking statement is not determinable with certainty as\nthese are interdependent and Enbridge's future course of action depends on\nmanagement's assessment of all information available at the relevant time.\nExcept to the extent required by applicable law, Enbridge assumes no\nobligation to publicly update or revise any forward-looking statement made in\nthis news release or otherwise, whether as a result of new information, future\nevents or otherwise. All subsequent forward-looking statements, whether\nwritten or oral, attributable to Enbridge or persons acting on its behalf, are\nexpressly qualified in their entirety by these cautionary statements.\n\nFOR FURTHER INFORMATION PLEASE CONTACT:\n Enbridge Inc. - Media                                  Enbridge Inc. - Investment Community\n Toll Free: (888) 992-0997                              Marlon Samuel\n Email: media@enbridge.com (mailto:media@enbridge.com)  Toll Free: (800) 481-2804\n                                                        Email: investor.relations@enbridge.com\n                                                        (mailto:investor.relations@enbridge.com)\n\nView original\ncontent:https://www.prnewswire.com/news-releases/enbridge-announces-the-closing-of-cdn3-0-billioncommon-equity-offering-inclusive-of-underwriters-over-allotment-option-302877615.html\n(https://www.prnewswire.com/news-releases/enbridge-announces-the-closing-of-cdn3-0-billioncommon-equity-offering-inclusive-of-underwriters-over-allotment-option-302877615.html)\n\nSOURCE Enbridge Inc.\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-09-14T12:24:37.694626804Z","server_sent_at_ms":1789388677694},"received_at":"2026-09-14T12:24:37.750Z","source_url":"https://www.prnewswire.com/news-releases/enbridge-announces-the-closing-of-cdn3-0-billioncommon-equity-offering-inclusive-of-underwriters-over-allotment-option-302877615.html"},"analysis":{"id":"131371","press_release_id":"142538","analysis_json":{"industry":{"label":"Oil, Gas & Consumable Fuels","sector":"Energy"},"redFlags":["CDN$3.0B equity issuance adds roughly 44.7M shares of dilution to fund announced M&A rather than organic projects","temporary use of proceeds for debt reduction implies a timing gap between the raise and acquisition closings"],"eventType":"offering","narrative":"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.\n\nNet 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.\n\nThe syndicate was led by RBC Capital Markets and CIBC Capital Markets, with Scotiabank, BMO Capital Markets, TD Securities and National Bank of Canada Capital Markets acting as joint bookrunners.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"ENB locks in CDN$3.0B of equity funding for its announced acquisitions — dilution is now set, watch for accretion detail as the deals close."},"keyFigures":{"sharesOffered":44735000,"customDimensions":{"gross_proceeds_cad":3000000000,"gross_proceeds_note":"approximately CDN$3.0 billion","over_allotment_shares":5835000,"over_allotment_exercised":"in full"}},"quotedText":"","namedEntities":{"people":[{"name":"Marlon Samuel","role":"Investor Relations contact, Enbridge Inc."}],"products":[],"companies":[{"name":"Enbridge Inc.","ticker":"ENB","relationship":"issuer"},{"name":"RBC Capital Markets","relationship":"lead underwriter"},{"name":"CIBC Capital Markets","relationship":"lead underwriter"},{"name":"Scotiabank","relationship":"joint bookrunner"},{"name":"BMO Capital Markets","relationship":"joint bookrunner"},{"name":"TD Securities Inc.","relationship":"joint bookrunner"},{"name":"National Bank of Canada Capital Markets","relationship":"joint bookrunner"},{"name":"RBC Dominion Securities Inc.","relationship":"prospectus distribution agent"}],"dollarAmounts":[{"amount":"CDN$3.0 billion","context":"gross proceeds from common equity offering"}]},"materialImpact":{"score":3,"reasoning":"A CDN$3.0 billion common equity issuance (~44.7 million shares including the over-allotment) is meaningful dilution, but it is the previously announced financing now closing, earmarked to fund already-announced acquisitions. Limited incremental surprise for a large-cap midstream issuer."},"tickerRelevance":{"others":[],"primary":"ENB"},"globalImportance":42,"audienceRelevance":55,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"large-cap dividend staple (TSX/NYSE dual-listed)","eventGravity":"equity offering closing (~CDN$3.0B)","issuerAuthored":true,"routineFinancing":true,"previouslyAnnounced":true,"retailFavoriteBoost":"moderate — widely held income name"}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"neutral","material_impact_score":3,"narrative":"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.\n\nNet 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.\n\nThe syndicate was led by RBC Capital Markets and CIBC Capital Markets, with Scotiabank, BMO Capital Markets, TD Securities and National Bank of Canada Capital Markets acting as joint bookrunners.","key_figures":{"sharesOffered":44735000,"customDimensions":{"gross_proceeds_cad":3000000000,"gross_proceeds_note":"approximately CDN$3.0 billion","over_allotment_shares":5835000,"over_allotment_exercised":"in full"}},"named_entities":{"people":[{"name":"Marlon Samuel","role":"Investor Relations contact, Enbridge Inc."}],"products":[],"companies":[{"name":"Enbridge Inc.","ticker":"ENB","relationship":"issuer"},{"name":"RBC Capital Markets","relationship":"lead underwriter"},{"name":"CIBC Capital Markets","relationship":"lead underwriter"},{"name":"Scotiabank","relationship":"joint bookrunner"},{"name":"BMO Capital Markets","relationship":"joint bookrunner"},{"name":"TD Securities Inc.","relationship":"joint bookrunner"},{"name":"National Bank of Canada Capital Markets","relationship":"joint bookrunner"},{"name":"RBC Dominion Securities Inc.","relationship":"prospectus distribution agent"}],"dollarAmounts":[{"amount":"CDN$3.0 billion","context":"gross proceeds from common equity offering"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-14T12:25:08.965Z","global_importance":42,"audience_relevance":55,"importance_components":{"tickerTier":"large-cap dividend staple (TSX/NYSE dual-listed)","eventGravity":"equity offering closing (~CDN$3.0B)","issuerAuthored":true,"routineFinancing":true,"previouslyAnnounced":true,"retailFavoriteBoost":"moderate — widely held income name"}},"durationMs":31282,"modelName":"glm-5.3-flash"}}