Enbridge completes debt exchange from subsidiary to parent company

Enbridge Inc. (NYSE: ENB) and its wholly owned subsidiary Enbridge Pipelines Inc. (EPI) announced the completion of a debt exchange transaction on June 16, 2026.

Under the transaction, all outstanding series of EPI's medium term notes debentures were exchanged for an equal principal amount of newly issued medium term notes of Enbridge Inc. The new notes carry the same financial terms as the original EPI notes.

According to a press release, the exchange is intended to give EPI flexibility to operate its business and provide operational, structural, and capital markets benefits to EPI, Enbridge, and the former EPI noteholders.

BMO Nesbitt Burns Inc. acted as Solicitation Agent for the transaction. Computershare Investor Services Inc. served as Tabulation Agent, and Sodali & Co. acted as Information Agent.

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