Company: ENBSF
Filing Date: 2025-11-19
Form Type: 424B5
Source: 0001104659-25-114102
Chunk: 79

Company: ENBRIDGE INC
Filing Date: 2025-11-19
Form: 424B5
Chunk 79
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 Prospectus Supplement, the debt securities will be issuable in denominations of US$1,000 and integral
multiples of US$1,000, or in such other denominations as may be set out in the terms of the debt securities of any particular series.

General

Material Canadian and United States federal income
tax considerations applicable to any debt securities, and special tax considerations applicable to the debt securities denominated in
a currency or currency unit other than Canadian or U.S. dollars, will be described in the Prospectus Supplement relating to the offering
of debt securities.

Unless otherwise indicated in an applicable Prospectus
Supplement, the debt securities will be unsecured obligations and will rank equally with all of the Corporation’s other unsecured
and unsubordinated indebtedness and will be guaranteed by both Guarantors. See “—Guarantees” below. Enbridge
is a holding company that conducts substantially all of its operations and holds substantially all of its assets through its subsidiaries.
As at June 30, 2025, the long-term debt (excluding the current portion, as well as guarantees and intercompany obligations between
the Corporation and its subsidiaries) of Enbridge and its subsidiaries totaled approximately $96.6 billion, of which approximately
$36.5 billion is subsidiary debt. The debt securities issued under this Prospectus will be structurally subordinated to all existing
and future liabilities, including trade payables and other indebtedness, of Enbridge’s subsidiaries other than the Guarantors with
respect to any guaranteed debt securities. The Indenture does not limit the incurrence of indebtedness and issuance of preferred stock
of or by Enbridge’s subsidiaries.

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The Indenture has been filed as an exhibit to the
registration statement of which this Prospectus is a part and is available as described above under “Where You Can Find More Information”. The Indenture will be described in a Prospectus Supplement for such debt securities. For further details, prospective
investors should refer to the Indenture and the applicable Prospectus Supplement.

Debt securities may also be issued under new supplemental
indentures between us and a trustee or trustees as will be described in a Prospectus Supplement for such debt securities. The Corporation
may issue debt securities and incur additional indebtedness other than through the offering of debt securities pursuant to this Prospectus.

The Prospectus Supplement will set forth additional
terms relating to the debt securities being offered, including covenants, events