Financing ·
On September 9, 2026, Enbridge Inc. announced a bought-deal equity offering of 38,900,000 common shares at an offering…
EBBGFEnbridge Inc
On September 9, 2026, Enbridge Inc. announced a bought-deal equity offering of 38,900,000 common shares at an offering price of CDN$66.85 per share, generating aggregate gross proceeds of CDN$2.6 billion. The underwriting syndicate is led by RBC Capital Markets and CIBC Capital Markets. Enbridge intends to use the net proceeds to partially fund announced acquisitions and create financial flexibility for future growth opportunities, with a portion potentially used to reduce indebtedness or invested in short-term liquid investments. The offering includes an over-allotment option allowing underwriters to purchase up to 15% additional shares, which would increase gross proceeds to approximately CDN$3.0 billion if exercised in full. The transaction is expected to close on or about September 14, 2026. Enbridge operates in the energy infrastructure sector, owning and operating North American natural gas, oil, and renewable power networks.