This restructuring aligns the debt obligations of the subsidiary with the parent firm, providing EPI with greater operational flexibility while streamlining capital market structures for both entities and existing noteholders. The financial terms of the newly issued Enbridge notes mirror those of the original EPI debt instruments.

BMO Nesbitt Burns Inc. served as the solicitation agent for the deal, with Computershare Investor Services Inc. and Sodali & Co. managing tabulation and information services, respectively. Enbridge currently operates an extensive network spanning North American natural gas, oil, and renewable power, with its common shares listed on both the Toronto and New York stock exchanges.