Company: ENBSF
Filing Date: 2025-06-16
Form Type: 424B5
Source: 0001104659-25-059675
Chunk: 1

Company: ENBRIDGE INC
Filing Date: 2025-06-16
Form: 424B5
Chunk 1
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 semi-annually in
arrears on and
, beginning
on , 2025.
The New 2054 Notes will bear interest at the rate of 5.950% per annum, payable semi-annually in arrears on April 5 and October 5,
beginning on October 5, 2025.

The terms of the New 2054
Notes, other than their issue date and public offering price, will be identical to the terms of the US$800,000,000 aggregate principal
amount of our 5.950% Senior Notes due 2054 (the “Existing 2054 Notes” and, together with the New 2054 Notes, the “2054
Notes”), offered and sold pursuant to our prospectus supplement dated April 2, 2024, and the accompanying prospectus. The New
2054 Notes will form a single series with, and will have the same CUSIP number as, the Existing 2054 Notes and will trade interchangeably
with the Existing 2054 Notes immediately upon settlement. The initial interest payment on the New 2054 Notes payable on October 5,
2025 will be the same amount per New 2054 Note as the interest payment due that day to holders of the Existing 2054 Notes and will include
interest deemed to have accrued from April 5, 2025, to, but excluding, the delivery date of the New 2054 Notes offered hereby. Such
pre-issuance accrued interest must be paid by the purchasers of the New 2054 Notes. Upon completion of this offering, the aggregate principal
amount of our 2054 Notes, including the New 2054 Notes offered hereby, will be US$ .

We may, at our option, redeem
any series of the Notes, in whole or in part, at any time or from time to time, at the applicable redemption prices and subject to the
conditions described under “Description of the Notes and the Guarantees — Redemption — Optional Redemption”. We
may also redeem any series of the Notes, in whole at any time, if certain changes affecting Canadian withholding taxes occur. See “Description
of the Notes and the Guarantees — Redemption — Tax Redemption”.

The Notes will be our direct,
unsecured and unsubordinated obligations and will rank equally with all of our existing and future unsecured and unsubordinated debt.
See “Description of the Notes and the Guarantees — General”. The guarantees of the