Enbridge Makes $500MM Equity Offering
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Enbridge Inc. has entered into an agreement with RBC and TD Securities Inc. to sell 10,850,000 million treasury common shares, on a bought deal basis, at $46.11 per common share for distribution to the public.
Closing of the offering is expected on or about April 16, 2013.
Enbridge has granted the Underwriters an option, exercisable at any time up to 48 hours prior to closing of the offering, to purchase up to an additional 2,170,000 million treasury common shares at $46.11 per common share.
"Since the long-term funding plan discussed at our investor conference last fall we have achieved greater than expected progress in the development of attractive new growth opportunities, including those already announced and those yet to be" said J. Richard Bird, Enbridge Executive Vice President…
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