poisar

Stocks · News reference

Enbridge Forms JV With KKR In Collaboration With Apollo Funds To Extend C$2.7B Of Financing For The Previously Sanctioned Aspen Point And Sunrise Expansion Programs Of The Westcoast Natural Gas Pipeline System

BenzingaBenzinga Newsdesk

Under the agreement, KKR and Apollo will invest approximately C$2.7 billion to fund the Expansions, including C$0.7 billion of cash to Enbridge at closing, in exchange for an indirect, cumulative 29% interest in the

Reference Details

Connected Markets

Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.

Source
benzinga
Observed
Checked
Cadence
Captured once, then retained as an archive reference
Status
fresh

Keep reading

  1. The Motley FoolMatt Dilallo

    This 4.5%-Yielding Pipeline Stock Just Made a $4.4 Billion Acquisition. Here's What It Means for the Dividend.

    ONEOK is acquiring Brazos Midstream's Permian Midland assets for $4.4 billion, funded through a $9 billion minority equity investment from Apollo. The deal will double ONEOK's processing capacity in the Midland Basin, enable $5 billion in debt repayment, and position the company to accelerate dividend growth while maintaining its 30+ year dividend stability record.

  2. Globenewswire IncNot Specified

    Collaborative for Children to Rally Houston Leaders Around Early Education at 2026 Building Blocks Luncheon

    Collaborative for Children will host its 2026 Building Blocks Luncheon on September 24 to highlight early childhood education initiatives in Greater Houston. The event, themed 'Hope Takes Root,' will honor Enbridge and showcase results from the organization's 125 Centers of Excellence, where 89% of teachers improved instructional practices and 97% of children gained school-readiness skills. Individual tickets are available for $250.

  3. The Motley FoolMatt Dilallo

    Big Oil vs. Midstream: Which Side of the Barrel Pays Better Right Now?

    Energy stocks offer attractive dividend yields, with midstream companies currently outpaying major oil producers. While ExxonMobil and Chevron provide solid yields around 2.5-3.5% backed by decades of dividend growth, midstream companies like Enterprise Products Partners and Enbridge offer higher yields of 5.5-5.8%, though with added tax complexity. Both sectors have strong growth prospects through major capital projects and strategic expansions.