ENBRIDGE INC. (OTCMKTS:EBGUF) Files An 8-K Completion of Acquisition or Disposition of AssetsItem 9.01Completion of Acquisition or Disposition of Assets.
On August1, 2018, Enbridge Inc. (“we,” “our,” “us,” or “Enbridge”), announced that our indirect subsidiary, Enbridge (U.S.) Inc. (the “Selling Subsidiary”), completed the sale of Midcoast Operating, L.P. and its subsidiaries (“Midcoast”), which conduct our natural gas and natural gas liquids gathering, processing, transportation and marketing businesses, to AL Midcoast Holdings, LLC, an affiliate of ArcLight Capital Partners, LLC. to the terms of that certain Securities Purchase Agreement, dated as of May9, 2018, by and between the Selling Subsidiary and AL Midcoast Holdings, LLC, as amended by the Amendment to Securities Purchase Agreement, dated as of July6, 2018, we disposed of Midcoast for cash proceeds of approximately $1.1 billion.
Item 9.01Other Events.
On August1, 2018, we issued a press release announcing the closing of the transaction described in Item 9.01. A copy of that press release is attached hereto as Exhibit99.1 and incorporated herein by reference.
Item 9.01Financial Statements and Exhibits.
(b) Pro forma financial information
The unaudited pro forma condensed consolidated statement of financial position as at March31, 2018, and the unaudited pro forma condensed consolidated statements of earnings for the three months ended March31, 2018 and the year ended December31, 2017 with respect to the transaction described in Item 9.01 is filed as Exhibit99.2 hereto and incorporated herein by reference.
(d) Exhibits
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ExhibitNo. |
ExhibitDescription |
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Exhibit99.1 |
Press release dated August1, 2018. |
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Exhibit99.2 |
Enbridge Inc. unaudited pro forma condensed consolidated financial statements. |
ENBRIDGE INC ExhibitEX-99.1 2 a18-18042_1ex99d1.htm EX-99.1 Exhibit 99.1 NEWS RELEASE Enbridge Completes Asset Sales for Approximately $3.15 Billion in Cash Proceeds CALGARY,…To view the full exhibit click here