Enbridge Inc. (TO: ENB.TO, NYSE: ENB) closed its public offering of 7.86 million common shares, the company said June 24.
Gross proceeds of about CA$400 million will support the Line 3 replacement program’s incremental capital, and also support general corporate purposes, the company said.
RBC Capital Markets and Credit Suisse (NYSE: CS) led the offer, Enbridge added.
Calgary, Alberta-based Enbridge Inc. transports oil and natural gas across North America.
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