Enbridge Inc. (NYSE: ENB) and its subsidiary Enbridge Pipelines Inc. (EPI) announced that EPI obtained approval for a transaction to exchange all outstanding medium term notes debentures for newly issued Enbridge notes with identical financial terms.

By the June 10, 2026 consent deadline, EPI received written consents from holders representing more than 75% of the total principal amount of outstanding EPI notes. The approval eliminated the need for a scheduled June 25, 2026 noteholder meeting, which has been cancelled.

The debt exchange transaction is expected to complete on or about June 16, 2026. Following completion, EPI will pay amendment review fees to noteholders who submitted valid consent and proxy forms by the deadline.

The new Enbridge notes will not be registered under the U.S. Securities Act of 1933 and are being issued under an exemption provided by Rule 802. The transaction involves securities of a Canadian corporation and is subject to Canadian disclosure requirements, which differ from U.S. requirements.

EPI operates as a transporter of western Canadian and U.S. crude oil, refined petroleum products and natural gas liquids. Its Canadian Mainline System transports crude oil from western Canada to the U.S. Midwest and eastern Canada, serving major refining centers in Ontario.

The information is based on a company press release statement. BMO Capital Markets served as solicitation agent for the consent and proxy solicitation process.