Enbridge closes $750 million offering of 5 percent fixed-to-fixed rate subordinate notes

On January 19, 2022, Enbridge Inc. completed its offering of $750 million aggregate principal amount of 5 percent fixed-to-fixed rate subordinated notes series 2022-A due January 19, 2082. The syndicate of underwriters was co-led by RBC Capital Markets, BMO Capital Markets, and CIBC Capital Markets, on a private placement basis.

Enbridge Inc., based in Calgary, is a Canadian multinational energy transportation company.

McCarthy Tétrault advised Enbridge Inc. with a team led by John Osler, Q.C. that included Toby Allan, Simran Choongh (Business), Brett Anderson, and Kimberly Brown (Tax).

Dentons Canada LLP served as opposing counsel, with a team led by Dan Shea and included Lucas Tomei, Jessica Myers, Gabriel Simons (Student at Law).