Company: ENBSF
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000895728-25-000012
Chunk: 11

Company: ENBRIDGE INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Item 2
Chunk 11
---
4 - $14.4 billion), consisting of available credit facilities of $11.3 billion (December 31, 2024 - $12.6 billion) and unrestricted cash and cash equivalents of $2.1 billion (December 31, 2024 - $1.8 billion) as reported in the Consolidated Statements of Financial Position.

Our credit facility agreements and term debt indentures include standard events of default and covenant provisions whereby accelerated repayment and/or termination of the agreements may result if we were to default on payment or violate certain covenants. As at March 31, 2025, we were in compliance with all such debt covenant provisions.

LONG-TERM DEBT ISSUANCES

During the three months ended March 31, 2025, we completed the following long-term debt issuances totaling $2.8 billion:

CompanyIssue DatePrincipal Amount(millions of Canadian dollars, unless otherwise stated)Enbridge Inc.February 2025Floating rate medium-term notes due February 20281$400February 20253.55%medium-term notes due February 2028$300February 20253.90%medium-term notes due February 2030$800February 20254.56%medium-term notes due February 2035$700February 20255.32%medium-term notes due August 2054$600

1Notes carry an interest rate set to equal the Canadian Overnight Repo Rate Average plus a margin of 85 basis points.

44

LONG-TERM DEBT REPAYMENTS

During the three months ended March 31, 2025, we completed the following long-term debt repayments totaling US$1.9 billion, and $0.1 billion:

CompanyRepayment DatePrincipal Amount(millions of Canadian dollars, unless otherwise stated)Enbridge Inc.January 20252.50%senior notesUS$500February 20252.50%senior notesUS$500Enbridge Pipelines Inc.February 20254.10%medium-term notes1$100Spectra Energy Partners, LPMarch 20253.50%senior notesUS$500Enbridge Holdings (Tomorrow RNG), LLCJanuary 20254.97%senior notesUS$309January 20254.97%senior notesUS$85January 20254.97%senior notesUS$19

1The notes carried an original maturity date in July 2112.

Cash flow growth, ready access to liquidity from diversified