Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

  Back to Financing Database

Enbridge Issues Preferred Shares to Fund Capital Projects

Enbridge Inc. has announced that it has entered into an agreement with a group of underwriters to sell eight million Cumulative Redeemable Preference Shares, Series 7 at a price of $25.00 per share for distribution to the public. Closing of the offering is expected on December 12, 2013.

Proceeds will be ~$200 million.

Proceeds will be used to partially fund capital projects, to reduce existing indebtedness and for other general corporate purposes of the Corporation and its affiliates.

The syndicate of underwriters is led by Scotiabank, CIBC, RBC Capital Markets, and TD Securities Inc.

Announced Date
December 05,2013
Value  ( $MM )
Use of Fund
General Purpose,Debt Reduction
Enbridge Inc.
/Book Runner
Scotiabank,CIBC,RBC Capital Markets,TD Securities Inc.

Canada Related Financings

Announced Date Title Company Value($MM) Financing Type
2019-10-01 Journey Energy Taps Equity Markets for $7.3MM Journey Energy Inc 7.3 Equity-Stock-Sales
2018-10-16 Pulse Oil Launches Equity Offerings; Eyes $8.0MM in Proceeds Pulse Oil 8 Equity-Stock-Sales
2018-06-11 Saturn Taps into Equity Markets to Fund Viking Drilling Saturn Oil and Gas Inc. 1.34 Equity-Stock-Sales
2017-06-07 Delphi Taps Equity Market for $65 Million Delphi Energy Corp. 65.3 Equity-Stock-Sales