Deal Description: Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) announced the closing of its inaugural Sustainability Linked Bond ("SLB"). As part of a larger US$1.5 billion financing, the Company issued a US$1 billion 12-year term senior note which is consistent with its recently published SLB Framework, incorporating emissions and inclusion goals into the financing terms. The SLB carries a coupon of 2.5%. Enbridge also closed a 30-year US$500 million term senior note issuance with a coupon of 3.4%.

The proceeds from the issuance will be used to repay existing indebtedness, partially fund capital projects and, if applicable, for other general corporate purposes.

Baker Botts represented the underwriters in the offering of the Notes.

Baker Botts Lawyers/Office Involved:

Corporate: Joshua Davidson (Partner, Houston); Natasha Khan (Partner, Houston); Garrett Hughey (Associate, Houston); Malakeh Hijazi (Associate, Houston); Christopher Carreon (Associate, Houston)

Finance: Robert Wann (Partner, New York); Clint Culpepper (Special Counsel, Austin)

Tax: Chuck Campbell (Special Counsel, Houston); Katie McEvilly (Senior Associate, Houston)

Environmental: Paulina Williams (Partner, Austin); Austin Echols (Associate, Houston)

Energy Regulatory: Jay Ryan (Partner, Washington); Leslie Hodge (Senior Associate, New York); Clarence Hawkes III (Associate, Washington)

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