Company: ENBSF
Filing Date: 2025-06-18
Form Type: 424B5
Source: 0001104659-25-060642
Chunk: 57

Company: ENBRIDGE INC
Filing Date: 2025-06-18
Form: 424B5
Chunk 57
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 for the Notes does not develop, the market price and liquidity
of the Notes may be adversely affected.

The following table shows
the underwriting discounts and commissions that we will pay the underwriters in connection with this offering (expressed as a percentage
of the principal amount of the Notes).

|                   |     |  Paid by 
 Enbridge |   |
| Per 2028 Note     |     |    0.350 | % |
| Per 2030 Note     |     |    0.600 | % |
| Per 2035 Note     |     |    0.650 | % |
| Per New 2054 Note |     |    0.875 | % |

We estimate that our total
expenses for this offering, excluding underwriting discounts and commissions, will be US$3,750,000.

The underwriters or their
respective affiliates perform and have performed commercial banking, investment banking and advisory services for us from time to time
for which they receive and have received customary fees and expenses. The underwriters and their affiliates may, from time to time, engage
in transactions with and perform services for us in the ordinary course of their business. In addition, in the ordinary course of their
business activities, the underwriters and their affiliates may make or hold a broad array of investments and actively trade debt and equity
securities (or related derivative securities) and financial instruments (including bank loans) for their own account and for the accounts
of their customers. These investments and securities activities may involve securities and/or instruments of ours or our affiliates. The
underwriters and their affiliates may also make investment recommendations and/or publish or express independent research views in respect
of these securities or financial instruments and may hold, or recommend to clients that they acquire, long and/or short positions in these
securities and instruments.

| S-41 |

As at March 31, 2025,
the Corporation had approximately $816 million and US$419 million of outstanding unsecured indebtedness under its unsecured
credit facilities. In addition, as at March 31, 2025, approximately $5,705 million and US$4,030 million of the Corporation’s
unsecured credit facilities were used as a backstop to support outstanding commercial paper balances. The Corporation is in compliance
with the terms of its unsecured credit facilities and there have been no waivers of breaches thereunder. There has been no materially
adverse change to the financial position of the Corporation since the