Company: ENBSF
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000895728-25-000006
Chunk: 118

Company: ENBRIDGE INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 8
Chunk 118
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, of which $572 million was unutilized.Our credit facilities carry a weighted average standby fee of 0.1% per annum on the unused portion and draws bear interest at market rates. Certain credit facilities serve as a back-stop to the commercial paper programs and we have the option to extend such facilities, which are currently scheduled to mature from 2025 to 2049.As at December 31, 2024 and 2023, commercial paper and credit facility draws, net of short-term borrowings and non-revolving credit facilities that mature within one year, of $10.3 billion and $3.8 billion, respectively, were supported by the availability of long-term committed credit facilities and, therefore, have been classified as long-term debt.ACQUISITIONSAs a result of the EOG Acquisition, RNG Facilities Acquisition, Questar Acquisition and PSNC Acquisition, our debt increased by US$1.9 billion, US$568 million, US$1.0 billion, and US$1.1 billion, respectively, on each acquisition date. Refer to Note 8 - Acquisitions and Disposition for further details.LONG-TERM DEBT ISSUANCESDuring the year ended December 31, 2024, we completed the following long-term debt issuances totaling US$5.7 billion and $1.8 billion:CompanyIssue DatePrincipal Amount(millions of Canadian dollars, unless otherwise stated) Enbridge Inc.April 20245.25%senior notes due April 2027US$750April 20245.30%senior notes due April 2029US$750April 20245.63%senior notes due April 2034US$1,200April 20245.95%senior notes due April 2054US$800June 20247.38%fixed-to-fixed subordinated notes due March 20551US$500June 20247.20%fixed-to-fixed subordinated notes due June 20542US$700August 20244.21%medium-term notes due February 2030$600August 20244.73%medium-term notes due August 2034$800August 20245.32%medium-term notes due August 2054$400Algonquin Gas Transmission, LLCJuly 20245.95%senior notes due July 2034US$350East Tennessee Natural Gas, LLCDecember 20245.72%senior notes due December 2034