Company: ENBSF
Filing Date: 2025-06-18
Form Type: 424B5
Source: 0001104659-25-060642
Chunk: 22

Company: ENBRIDGE INC
Filing Date: 2025-06-18
Form: 424B5
Chunk 22
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The initial interest payment on the New 2054 Notes payable on October 5, 2025 will be the same amount per New 2054 Note as the
interest payment due that day to holders of the Existing 2054 Notes and will include interest deemed to have accrued from
April 5, 2025 to, but excluding, the delivery date of the New 2054 Notes offered hereby. Such pre-issuance accrued interest
must be paid by the purchasers of the New 2054 Notes. Interest on the New 2054 Notes will be computed on the basis of a 360-day year
of twelve 30-day months.

If any Interest Payment Date
or the applicable maturity date of the Notes falls on a day that is not a Business Day, the related payment of principal of, premium,
if any, or interest thereon will be postponed to the next succeeding Business Day, and no interest on that payment will accrue for the
period from and after that Interest Payment Date or the applicable maturity date, as the case may be.

| S-14 |

Guarantees

Each of the Guarantors fully,
unconditionally, irrevocably, absolutely and jointly and severally guarantees to each Noteholder of each series the due and punctual payment
of the principal of, and premium, if any, and interest on the Notes and all other amounts due and payable by the Corporation under the
Indenture and the Notes, when and as such principal, premium, if any, interest and other amounts shall become due and payable, whether
at the stated maturity or by declaration or acceleration, call for redemption or otherwise, subject to limitations on amount so that such
guarantee does not constitute a fraudulent conveyance or fraudulent transfer under federal or state law, as set forth in the Indenture.
The guarantees of the Notes will be general, unsecured, senior obligations of each of the Guarantors and will rank equally with all other
existing and future unsecured and unsubordinated indebtedness of that Guarantor, other than preferred claims imposed by statute.

Pursuant to the Indenture,
the guarantees of either Guarantor will be unconditionally released and discharged automatically upon the occurrence of any of the following
events:

| · | any direct or indirect sale, exchange or transfer, whether by way of merger, sale or transfer of equity                                    
 interests or otherwise, to any person that is not an affiliate of the Corporation, of any of the Corporation’s direct or indirect