CALGARY,
AB, March 10, 2023 /CNW/ - Enbridge Inc.
(Enbridge or the Company) (TSX: ENB) today announced that it will
redeem all of its outstanding 6.375% Fixed-to-Floating Rate
Subordinated Notes Series 2018-B due 2078 (CUSIP: 29250N 477) (the
"Notes") on April 15, 2023 (the
"Redemption Date").
The Notes will be redeemed at a redemption price equal to 100%
of the principal amount of the Notes to be redeemed, plus accrued
and unpaid interest, if any, to, but excluding, the Redemption Date
(the "Redemption Price"). Unless Enbridge defaults in making
payment of the Redemption Price on the Notes, interest will cease
to accrue on and after the Redemption Date.
Enbridge has instructed Deutsche Bank Trust Company Americas, as
the trustee and paying agent for the Notes (the "Trustee and Paying
Agent"), to distribute a notice of redemption to all registered
holders of the Notes on March 10,
2023. Copies of the notice of redemption and additional
information relating to the procedure for the redemption of the
Notes may be obtained from the Trustee and Paying Agent, Deutsche
Bank Trust Company Americas c/o DB Services Americas, Inc. 5022
Gate Parkway, Suite 200 MS JCK01-0218 Jacksonville, FL 32256. For information call
1-800-735-7777.
This press release is for informational purposes only and does
not constitute an offer to sell, or a solicitation of an offer to
buy, any of the Notes or a notice of redemption under the indenture
governing the Notes. This press release is qualified in its
entirety by reference to the notice of redemption issued by
Enbridge.
Forward-Looking Statements
Forward-looking information, or forward-looking statements,
have been included in this news release to provide information
about Enbridge, including statements with respect to the redemption
of the Notes on April 15, 2023. This
information may not be appropriate for other purposes. Although
Enbridge believes these forward-looking statements are reasonable
based on the information available on the date such statements are
made and on processes used to prepare the information, such
statements are not guarantees of future events 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 events to differ materially from
those expressed or implied by such statements.
Enbridge's forward-looking statements are subject to risks
and uncertainties, including, but not limited to those risks and
uncertainties discussed in this news release and in the Company's
other filings with Canadian and United
States securities regulators. The impact of any one risk,
uncertainty or factor on a particular forward-looking statement is
not determinable with certainty as these are interdependent and
Enbridge's future course of action depends on management's
assessment of all information available at the relevant time.
Except to the extent required by applicable law, Enbridge assumes
no obligation to publicly update or revise any forward-looking
statements made in this news release or otherwise, whether as a
result of new information, future events or otherwise. All
subsequent forward-looking statements, whether written or oral,
attributable to Enbridge or persons acting on its behalf, are
expressly qualified in their entirety by these cautionary
statements.
About Enbridge Inc.
At Enbridge, we safely connect millions of people to the
energy they rely on every day, fueling quality of life through our
North American natural gas, oil or renewable power networks and our
growing European offshore wind portfolio. We're investing in modern
energy delivery infrastructure to sustain access to secure,
affordable energy and building on two decades of experience in
renewable energy to advance new technologies including wind and
solar power, hydrogen, renewable natural gas and carbon capture and
storage. We're committed to reducing the carbon footprint of the
energy we deliver, and to achieving net zero greenhouse gas
emissions by 2050. Headquartered in Calgary, Alberta, Enbridge's common shares
trade under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock exchanges. To learn
more, visit us at enbridge.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Media
|
Investment
Community
|
Jesse Semko
|
Rebecca
Morley
|
Toll Free: (888)
992-0997
|
Toll Free: (800)
481-2804
|
Email: media@enbridge.com
|
Email: investor.relations@enbridge.com
|
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SOURCE Enbridge Inc.