Company: ENBSF
Filing Date: 2025-11-19
Form Type: 424B5
Source: 0001104659-25-114102
Chunk: 54

Company: ENBRIDGE INC
Filing Date: 2025-11-19
Form: 424B5
Chunk 54
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 the underwriters to purchase the Notes included in this offering are subject to approval of legal matters
by counsel and to other conditions. The underwriters are obligated to purchase all the Notes if they purchase any of the Notes. The underwriters
reserve the right to cancel, reject or modify an order of Notes in whole or in part.

The underwriters propose to offer the Notes directly to the public
at the public offering price set forth on the cover page of this prospectus supplement and may offer the Notes to dealers at the public
offering price less a concession not to exceed 0.200% of the principal amount of the 2028 Notes, 0.300% of the principal amount of
the 2031 Notes and 0.400% of the principal amount of the 2035 Notes. The underwriters may allow, and dealers may reallow, a concession
not to exceed 0.100% of the principal amount of the 2028 Notes, 0.200% of the principal amount of the 2031 Notes and 0.300% of the principal
amount of the 2035 Notes. After the initial offering of the Notes to the public, the representatives may change the public offering price,
concessions and other selling terms.

In connection with this offering,
each of Credit Agricole Securities (USA) Inc., Deutsche Bank Securities Inc., MUFG Securities Americas Inc., SMBC Nikko Securities America, Inc.
and Truist Securities, Inc., on behalf of the underwriters, may purchase and sell Notes in the open market. These transactions may
include over-allotment, syndicate covering transactions and stabilizing transactions. Over-allotment involves syndicate sales of the Notes
in excess of the principal amount of the Notes to be purchased by the underwriters in this offering, which creates a syndicate short position.
Syndicate covering transactions involve purchases of the Notes in the open market after the distribution has been completed in order to
cover syndicate short positions. Stabilizing transactions consist of certain bids or purchases of Notes made for the purpose of preventing
or retarding a decline in the market price of the Notes while this offering is in progress.

<div align='center'>S-38</div>

Any of these activities may have the effect of preventing or retarding a decline in the market price of the Notes. They may also cause the price of the Notes to be higher than the price that otherwise would exist in the open market in the absence of these