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ENB 424B5: Secondary offering

Filed with the SEC on · accession 0001104659-26-126215

ENB filed a 424B5 (prospectus (offering)) with the SEC on Nov 12, 2026. The final terms of an offering of shares or bonds. The stock moved +0.4% by the first close after the filing.

Summary of the filing

Enbridge Inc. is offering US$1.1 billion in subordinated notes, consisting of US$550 million of 6.700% Series A Fixed-to-Fixed Rate Subordinated Notes due 2057 and US$550 million of 6.875% Series B Fixed-to-Fixed Rate Subordinated Notes due 2057.

For details, click here →How to read a 424B5 →

Key details

Total offering amount$1.1B
Series A Notes principal amount$550.0M
Series B Notes principal amount$550.0M
Underwriting discount per series$5.5M
Net proceeds per series before expenses$544.5M
IssuerEnbridge Inc.
Joint book-running managerCitigroup
Joint book-running managerDeutsche Bank Securities
Joint book-running managerJ.P. Morgan
Joint book-running managerSMBC Nikko
Joint book-running managerTruist Securities

How ENB stock reacted

Close before

$47.91

Nov 11, 2026

First close after

+0.42%

$48.11

5 trading days

—

Since filing

-0.50%

$47.67

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Frequently asked questions

What did ENB file with the SEC on Nov 12, 2026?

ENB filed a 424B5 (Secondary offering). Enbridge Inc. is offering US$1.1 billion in subordinated notes, consisting of US$550 million of 6.700% Series A Fixed-to-Fixed Rate Subordinated Notes due 2057 and US$550 million of 6.875% Series B Fixed-to-Fixed Rate Subordinated Notes due 2057.

What does a secondary offering mean for ENB stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did ENB stock react to this filing?

ENB closed at $47.91 before the filing and $48.11 on Nov 12, 2026 (+0.42%).

Other ENB SEC filings

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