Company: ENBSF
Filing Date: 2025-06-16
Form Type: 424B5
Source: 0001104659-25-059675
Chunk: 58

Company: ENBRIDGE INC
Filing Date: 2025-06-16
Form: 424B5
Chunk 58
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 underwriting discounts and commissions, will be US$ .

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 indebtedness was incurred. The Corporation may use the net proceeds
from this offering to pay down short-term debt, and, as a consequence, net proceeds from this offering may be paid to one or more lenders
who are affiliated with the underwriters.

We may have outstanding existing
indebtedness owing to certain of the underwriters and affiliates of the underwriters, a portion of which we may repay with the net proceeds
from this offering. See “Use of Proceeds” in this prospectus supplement. As a result, one or more of the underwriters or their
affiliates may receive more than 5% of the net proceeds from this offering in the form of the repayment of existing indebtedness. Accordingly,
this offering is being made pursuant to Rule 5121 of the Financial