Enbridge is seeking to have Canadian Mainline contracting take effect on
July 1, 2021, subject to regulatory approval.
From and including April 1, 2021, the notes will bear interest at a floating rate per annum equal to three-month LIBOR plus 3.937 percent, payable quarterly on January 1, April 1, July 1 and October 1 of each year, beginning on
July 1, 2021, through maturity or earlier redemption.
Stanley Black & Decker has the option to acquire the remaining 80% of MTD beginning on
July 1, 2021. With 2017 revenues in excess of $2B, MTD manufactures and distributes lawn tractors, zero turn mowers, walk behind mowers, snow throwers, trimmers, chain saws, utility vehicles and other outdoor power equipment for both residential and professional lawn and garden customers.