Regina Leader-Post

Enbridge aims to raise $7B

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CALGARY Enbridge Inc. is preparing to raise as much as US$7 billion through a mix of debt and shares, according to a filing with the U.S. Securities and Exchange Commission.

Canada’s largest pipeline company said it plans to use funds raised for general corporate purposes including reducing debt and financing capital spending.

Calgary-based Enbridge said it could raise the money over the next 25 months through a combinatio­n of debt securities, common shares and preference shares.

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