Company: ENBSF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000895728-25-000012
Chunk: 65

Company: ENBRIDGE INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 1
Chunk 65
---
20498,874 6,379 2,495 Enbridge (U.S.) Inc.2026-202910,822 5,144 5,678 Enbridge Pipelines Inc.20262,000 540 1,460 Enbridge Gas Inc.20262,500 860 1,640 Total committed credit facilities24,196 12,923 11,273 

1Maturity date is inclusive of the one-year term out option for certain credit facilities.

2Includes facility draws and commercial paper issuances that are back-stopped by credit facilities.

In addition to the committed credit facilities noted above, we maintain $1.5 billion of uncommitted demand letter of credit facilities, of which $882 million was unutilized as at March 31, 2025. As at December 31, 2024, we had $1.4 billion of uncommitted demand letter of credit facilities, of which $931 million was unutilized.

As at March 31, 2025, our net available liquidity totaled $13.4 billion (December 31, 2024 - $14.4 billion), consisting of available credit facilities of $11.3 billion (December 31, 2024 - $12.6 billion) and unrestricted cash and cash equivalents of $2.1 billion (December 31, 2024 - $1.8 billion) as reported in the Consolidated Statements of Financial Position.

Our credit facility agreements and term debt indentures include standard events of default and covenant provisions whereby accelerated repayment and/or termination of the agreements may result if we were to default on payment or violate certain covenants. As at March 31, 2025, we were in compliance with all such debt covenant provisions.

LONG-TERM DEBT ISSUANCES

During the three months ended March 31, 2025, we completed the following long-term debt issuances totaling $2.8 billion:

CompanyIssue DatePrincipal Amount(millions of Canadian dollars, unless otherwise stated)Enbridge Inc.February 2025Floating rate medium-term notes due February 20281$400February 20253.55%medium-term notes due February 2028$300February 20253.90%medium-term notes due February 2030$800February 20254.56%medium-term notes due February 2035$700February 20255.32%medium-term notes due August 2054$600

1