Company: ENBSF
Filing Date: 2025-06-16
Form Type: 424B5
Source: 0001104659-25-059675
Chunk: 79

Company: ENBRIDGE INC
Filing Date: 2025-06-16
Form: 424B5
Chunk 79
---
 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, 2022, 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 $70.0 billion, of which
approximately $34.5 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. Nonetheless, we do not expect either Guarantor to issue any additional debt or
any preferred stock after the date of this prospectus.

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.

<div align='center'>9</div>

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 of default, provisions for
payments of additional amounts and redemption provisions.

The Prospectus Supplement
will also set forth the following terms relating to the debt securities being offered:

| · | the title of the debt securities of the series; |

| · | any limit upon the aggregate principal amount of the debt securities 
 of the series;                                                       |

| · | the party to whom any interest on a debt security of the series 
 shall be payable;                                               |

| · | the date or dates on which the principal                                   
 of (and premium, if any, on) any debt securities of the series is payable; |

| ·