Business
Enbridge Inc. and Enbridge Pipelines Inc. Announce Completion of Debt Exchange Transaction
Enbridge Inc. and Enbridge Pipelines Inc. Announce Completion of Debt Exchange
About this update from Enbridge Inc.
CALGARY, AB, June 16, 2026 /PRNewswire/ - Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) and its wholly owned subsidiary Enbridge Pipelines Inc. (EPI) today announced the completion of the previously announced transaction to exchange all outstanding series of EPI's medium term notes debentures (EPI Notes) for an equal principal amount of newly issued medium term notes of Enbridge, having financial terms that are the same as the financial terms of the EPI Notes (the Note Exchange Transaction). The completion of the Note Exchange Transaction gives EPI the flexibility to operate its business, while also delivering a range of operational, structural and capital markets benefits to EPI, Enbridge and the former EPI Noteholders.BMO Nesbitt Burns Inc. acted as the Solicitation Agent for the Note Exchange Transaction, Computershare Investor Services Inc. acted as the Tabulation Agent and Sodali & Co. acted as the Information Agent.FORWARD-LOOKING STATEMENTSForward-looking information, or forward-looking statements, has been included in this news release to provide information about Enbridge and EPI, including statements with respect to the Note Exchange Transaction giving EPI the flexibility to operate its business and the range of operational, structural and capital markets benefits to EPI, Enbridge and the former EPI Noteholders from the Note Exchange Transaction. This information may not be appropriate for other purposes. Although Enbridge and EPI believe that these forward-looking statements are reasonable based on the information available on the date such statements are made and processes used to prepare the information, such statements are not guarantees of future performance and readers are cautioned against placing undue reliance on forward-looking statements. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual result, levels of activity and achievements to differ materially from those expressed or implied by such statements. Material assumptions include assumptions about the business and financial strength of Enbridge and EPI.The forward-looking statements contained herein are subject to risks and uncertainties. The impact of any one risk, uncertainty or factor on a particular forward-looking statement is not determinable with certainty as these are i...