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Bullboard - Stock Discussion Forum Enbridge Inc ENBOF


Primary Symbol: T.ENB Alternate Symbol(s):  ENB | T.ENB.PF.A | T.ENB.PF.C | T.ENB.PF.E | ENBFF | T.ENB.PF.G | EBBNF | T.ENB.PF.U | T.ENB.PF.V | EBGEF | T.ENB.PR.A | ENBGF | T.ENB.PR.B | EBRGF | T.ENB.PR.D | EBRZF | T.ENB.PR.F | T.ENB.PR.H | ENBHF | T.ENB.PR.J | ENBRF | T.ENB.PR.N | ENNPF | T.ENB.PR.P | ENBMF | T.ENB.PR.T | T.ENB.PR.V | EBBGF | ENBNF | T.ENB.PR.Y | T.ENB.PF.K | T.ENB.PR.G | T.ENB.PR.I | T.ENB.PR.Z

Enbridge Inc. is an energy transportation and distribution company. The Company operates through five business segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Liquids Pipelines consists of pipelines and terminals in Canada and the United States that transport and export various grades of crude oil and... see more

TSX:ENB - Post Discussion

Enbridge Inc > Equity raise coming - 2,750,000,000
View:
Post by Golferman on May 15, 2024 7:18pm

Equity raise coming - 2,750,000,000

Just filed today.

https://www.enbridge.com/investment-center/reports-and-sec-filings/sec-filings/sec-filing-details?docId=265120

On May 15, 2024, Enbridge Inc. (the “Corporation”) entered into an Equity Distribution Agreement (the “Equity Distribution Agreement”) with BMO Capital Markets Corp., BMO Nesbitt Burns Inc. and the other agents named therein (the “Agents”) pursuant to which the Corporation may sell, from time to time, up to an aggregate offering price of CAD $2,750,000,000 of its common shares (the “Common Shares”) (or the equivalent in U.S. dollars determined using the exchange rate posted by Thomson Reuters on each date Common Shares are sold) in an “at-the-market” equity offering program through the Agents.
Comment by Golferman on May 15, 2024 7:55pm
Works out to about 2.5% dultion for the equity raise...... hope these are the final funds needed to close the rest of the USA aquisitions. Golferman
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