Enbridge Completes US$400M Preferred Share Offering

Enbridge Inc. closed a public offering of Cumulative Redeemable Preference Shares, Series L. The Series L Preferred Shares were offered by a syndicate of underwriters led by Scotia Capital Inc., RBC Dominion Securities Inc. and TD Securities Inc. Enbridge issued 16 million Series L Preferred Shares for gross proceeds of US$400 million.

Enbridge was represented internally by a team that included Vas Antoniou and Gillian Findlay and by McCarthy Tétrault LLP with a team that included John Osler, Matthew Lawson and Wilson Acton.

The underwriters were represented by Fraser Milner Casgrain LLP with a team that included Dale Skinner, Toby Allan, Keith Inman and Dan Shea.