Company: ENBSF
Filing Date: 2025-11-19
Form Type: 424B5
Source: 0001104659-25-114102
Chunk: 78

Company: ENBRIDGE INC
Filing Date: 2025-11-19
Form: 424B5
Chunk 78
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 of the Securities from time to time under this Prospectus are not expected to be applied to fund any specific project. The
Corporation’s overall corporate strategy and major initiatives supporting its strategy are summarized in the Annual Report, which
is incorporated by reference herein.

<div align='center'>Description of Debt Securities and Guarantees</div>

In this section, the terms “Corporation”
and “Enbridge” refer only to Enbridge Inc. and not to its subsidiaries, partnerships interests or joint venture investments.
The following description sets forth certain general terms and provisions of the debt securities and guarantees. The Corporation will
provide particular terms and provisions of a series of debt securities and a description of how the general terms and provisions described
below may apply to that series in a Prospectus Supplement. Prospective investors should rely on information in the applicable Prospectus
Supplement if it is different from the following information.

Indenture

The debt securities will be issued under an indenture
dated February 25, 2005, as amended and supplemented from time to time (the indenture as amended and supplemented, the “Indenture”),
between Enbridge, SEP, a wholly owned subsidiary of Enbridge, as guarantor, EEP, a wholly owned subsidiary of Enbridge, as guarantor (each
of SEP and EEP a “Guarantor”) and Deutsche Bank Trust Company Americas, as trustee. Debt securities issued under the
Indenture will not be offered or sold to persons in Canada pursuant to this Prospectus. The following summary of certain provisions of
the Indenture and the debt securities issued thereunder does not purport to be complete and is qualified in its entirety by reference
to the actual provisions of the Indenture.

The Corporation may issue debt securities and incur
additional indebtedness other than through an offering of debt securities pursuant to this Prospectus.

The Indenture does not limit the aggregate principal
amount of debt securities which may be issued under the Indenture or otherwise. The Indenture provides that debt securities will be in
registered form, may be issued from time to time in one or more series and may be denominated and payable in U.S. dollars or any other
currency. Unless otherwise specified in the applicable Prospectus Supplement, debt securities may be issued in whole or in part in a global
form and will be registered in the name of and be deposited with The Depository Trust Company or its nominee, Cede & Co. Unless
otherwise indicated in an applicable