ENB
Enbridge Inc. and Enbridge Pipelines Inc. Announce Noteholder Approval of Proposed Debt Exchange Transaction
Article Summary
HOLD- Enbridge Inc. (TSX: ENB; NYSE:ENB) and its wholly owned subsidiary Enbridge Pipelines Inc. announced that EPI has successfully obtained approval for the previously announced transaction to exchange all outstanding series of EPI's medium term notes debentures for equal principal amount of newly issued medium-term notes of Enbridge (Enbridge Notes), having financial terms that are the same as the financial terms of the EPI Notes (the Note Exchange Transaction).
- By the consent deadline of June 10, 2026, EPI received sufficient valid written consents from holders (EPI Noteholders) to pass an extraordinary resolution approving the Note Exchange Transactions, with more than 75% of the total principal amount.
- The meeting of E PI Noteholders scheduled for June 25, 20 26 is no longer required and has been cancelled, with the transaction anticipated to be completed on or about June 16 2026.
- Following completion of the transaction, applicable amendment review fees will be paid to EPI Noteholders that delivered valid written consent and proxy forms.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 14.6% | 25% | 50.0 ptsMeets Minimum (14.6%) - Passes screener |
| EPS Growth Next 5Y ? | 4.4% | 25% | 10.0 ptsVery Weak (4.4%) - Minimal expectations |
| Target Price Upside ? | 0.7% | 20% | 20.0 ptsMinimal Upside (0.7%) - Target: $56.85 vs Current: $56.44 |
| Gross Margin % ? | 31.0% | 15% | 40.0 ptsModerate (31.0%) - Adequate margins |
| Drawdown from 52-Wk High ? | -3.4% | 15% | 20.0 ptsBarely a Dip (-3.4%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About ENB
- Enbridge Inc., together with its subsidiaries, operates as an energy infrastructure company.
- The company operates through four segments: Liquids Pipelines, Gas Transmission, Gas Distribution and Storage, and Renewable Power Generation.
- The Liquids Pipelines segment operates pipelines and related terminals to transport, store, and export various grades of crude oil and other liquid hydrocarbons in Canada and the United States.
- This segment also provides physical commodity marketing and logistical services, and crude oil marketing services.
- The Gas Transmission segment invests in natural gas pipelines and gathering and processing facilities in Canada and the United States.
- The Gas Distribution and Storage segment is involved in natural gas utility operations serving residential, commercial, and industrial customers in Ontario, as well as natural gas distribution activities in Quebec.
- The Renewable Power Generation segment operates wind, solar, geothermal, waste heat recovery, and transmission assets in North America.
- The company was formerly known as IPL Energy Inc. and changed its name to Enbridge Inc. in October 1998.
- Enbridge Inc. was founded in 1949 and is headquartered in Calgary, Canada.