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DEBT (Tables)
6 Months Ended
Jun. 30, 2018
Debt Disclosure [Abstract]  
Schedule of credit facilities
The following table provides details of our committed credit facilities as at June 30, 2018:
 
 
 
 
June 30, 2018
 
Maturity
Total
Facilities

Draws1

Available

(millions of Canadian dollars)
 
 
 
 
Enbridge Inc.2
2019-2022
6,537

1,761

4,776

Enbridge (U.S.) Inc.
2019
1,861

456

1,405

Enbridge Energy Partners, L.P.3
2019-2022
3,453

2,261

1,192

Enbridge Gas Distribution Inc. (EGD)
2019
1,017

794

223

Enbridge Income Fund
2020
1,500

351

1,149

Enbridge Pipelines Inc.
2019
3,000

1,906

1,094

Spectra Energy Partners, LP4
2022
3,289

1,528

1,761

Union Gas Limited (Union Gas)
2021
700

230

470

Total committed credit facilities
 
21,357

9,287

12,070

 
1
Includes facility draws, letters of credit and commercial paper issuances that are back-stopped by the credit facility.
2
Includes $135 million, $164 million (US$125 million) and $150 million of commitments that expire in 2018, 2018 and 2020, respectively.
3
Includes $230 million (US$175 million) and $243 million (US$185 million) of commitments that expire in 2018 and 2020, respectively.
4
Includes $443 million (US$336 million) of commitments that expire in 2021.

Schedule of Long-term Debt Instruments
During the six months ended June 30, 2018, we completed the following long-term debt issuances:
Company
Issue Date
 
 
Principal Amount
(millions of Canadian dollars, unless otherwise stated)
 
 
Enbridge Inc.
 
 
 
 
March 2018
Fixed-to-floating rate notes due 20781
  US$850
 
April 2018
Fixed-to-floating rate notes due 20782
$750
 
April 2018
Fixed-to-floating rate notes due 20783
  US$600
Spectra Energy Partners, LP4
 
 
 
 
January 2018
3.50% senior notes due 2028
  US$400
 
January 2018
4.15% senior notes due 2048
US$400
1
Notes mature in 60 years and are callable on or after year 10. For the initial 10 years, the notes carry a fixed interest rate of 6.25%. Subsequently, the interest rate will be set to equal the three-month London Interbank Offered Rate (LIBOR) plus a margin of 364 basis points from years 10 to 30, and a margin of 439 basis points from years 30 to 60.
2
Notes mature in 60 years and are callable on or after year 10. For the initial 10 years, the notes carry a fixed interest rate of 6.625%. Subsequently, the interest rate will be set to equal the Canadian Dollar Offered Rate plus a margin of 432 basis points from years 10 to 30, and a margin of 507 basis points from years 30 to 60.
3
Notes mature in 60 years and are callable on or after year five. For the initial five years, the notes carry a fixed interest rate of 6.375%. Subsequently, the interest rate will be set to equal the three-month LIBOR plus a margin of 359 basis points from years five to 10, a margin of 384 basis points from years 10 to 25, and a margin of 459 basis points from years 25 to 60.
4
Issued through Texas Eastern Transmission, LP, a wholly-owned operating subsidiary of SEP.

Schedule of Repayment of Debt
During the six months ended June 30, 2018, we completed the following long-term debt repayments:
Company
Retirement/Repayment Date
 
 
Principal Amount
Cash Consideration1
(millions of Canadian dollars, unless otherwise stated)
 
 
 
Enbridge Energy Partners, L.P.
 
 
 
 
April 2018
6.50% senior notes
US$400
 
Enbridge Pipelines (Southern Lights) L.L.C
 
 
 
 
 
June 2018
3.98% medium-term notes due June 2040
US$20
 
Enbridge Southern Lights LP
 
 
 
 
 
January 2018
4.01% medium-term notes due June 2040
$9
 
Spectra Energy Capital, LLC
 
 
 
 
Repurchase via Tender Offer2
 
 
 
 
 
March 2018
6.75% senior unsecured notes due 2032
US$64
US$80
 
March 2018
7.50% senior unsecured notes due 2038
US$43
US$59
Redemption2
 
 
 
 
March 2018
5.65% senior unsecured notes due 2020
US$163
US$172
 
March 2018
3.30% senior unsecured notes due 2023
US$498
US$508
Repayment
 
 
 
 
 
April 2018
6.20% senior notes
US$272
 
Union Gas Limited
 
 
 
 
 
April 2018
5.35% medium-term notes
$200
 
Westcoast Energy Inc.
 
 
 
 
 
May 2018
6.90% senior secured notes
$13
 
 
May 2018
4.34% senior secured notes
$4
 
1
Cash consideration disclosed for repayments where the cash paid differs from the principal amount.
2
The loss on debt extinguishment of $37 million (US$29 million), net of the fair value adjustment recorded upon completion of the Merger Transaction, was reported within Interest expense in the Consolidated Statements of Earnings.