Enbridge Files Prospectus Supplements to Enable An At-the-Market Equity Issuance Funding Option for Its Acquisitions
Portfolio Pulse from Benzinga Newsdesk
Enbridge has filed prospectus supplements to enable an at-the-market (ATM) equity issuance funding option for its acquisitions. This allows Enbridge to issue and sell up to $2.75 billion of common shares at market prices.
May 16, 2024 | 11:05 am
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Enbridge has filed prospectus supplements to enable an at-the-market (ATM) equity issuance funding option for its acquisitions. This allows Enbridge to issue and sell up to $2.75 billion of common shares at market prices.
The ATM equity issuance option provides Enbridge with flexibility to raise capital for acquisitions. While this could be positive for growth, the potential dilution of shares may offset short-term stock price gains.
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