Brookfield Infrastructure to Redeem CDN$450 Million of 3.452% Series 2 Notes
September 01 2020 - 9:04AM
Brookfield Infrastructure Partners L.P. (TSX: BIP.UN; NYSE: BIP)
(“Brookfield Infrastructure”) today announced that its subsidiaries
Brookfield Infrastructure Finance ULC, Brookfield Infrastructure
Finance LLC, Brookfield Infrastructure Finance Limited and
Brookfield Infrastructure Finance Pty Ltd (collectively, the
“Issuers”) have exercised their right to redeem their
CDN$450,000,000, 3.452%, Series 2 Notes, due March 11, 2022 (the
“Series 2 Notes”). The redemption will occur on October 6, 2020.
The specific redemption price will be made
available through a press release to be issued by Brookfield
Infrastructure on October 1, 2020. The redemption price for
the Series 2 Notes will be determined in accordance with the
provisions of the indenture dated October 10, 2012, the second
supplemental indenture dated March 11, 2015 and pricing supplement
no. 1 dated March 5, 2015 to the Issuers’ short form base shelf
prospectus dated December 29, 2014, as supplemented by a prospectus
supplement dated March 5, 2015. The redemption amount paid will
also include accrued and unpaid interest on the Series 2 Notes up
to, but not including, the date of redemption.
Notice of redemption will be delivered today to
CDS Clearing and Depository Services Inc. (“CDS”) and the trustee,
Computershare Trust Company of Canada. Non-registered holders
(banks, brokerage firms or other financial institutions) who
maintain their interests in the Series 2 Notes through CDS should
contact their CDS customer service representative with any
questions about the redemption. Alternatively, beneficial holders
with any questions about the redemption should contact their
representative brokerage firm or financial institution, which holds
interests in the Notes on their behalf.
Brookfield Infrastructure is a
leading global infrastructure company that owns and operates
high-quality, long-life assets in the utilities, transport, energy
and data infrastructure sectors across North and South America,
Asia Pacific and Europe. We are focused on assets that generate
stable cash flows and require minimal maintenance capital
expenditures. Investors can access its portfolio either through
Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a
Bermuda-based limited partnership, or Brookfield Infrastructure
Corporation (NYSE, TSX: BIPC), a Canadian corporation. Further
information is available at www.brookfield.com/infrastructure.
Brookfield Infrastructure is the flagship listed
infrastructure company of Brookfield Asset Management, a global
alternative asset manager with approximately $550 billion of assets
under management. For more information, go to
www.brookfield.com.
Contact information:
Media: |
Investors: |
Claire Holland Senior Vice President, Communications Tel: (416)
369-8236 Email: claire.holland@brookfield.com |
Kate White Manager, Investor Relations Tel: (416) 956-5183 Email:
kate.white@brookfield.com |
Cautionary Statement Regarding
Forward-looking Statements
Note: This news release contains forward-looking
statements and information within the meaning of applicable
securities laws. The words, “will”, “expected”, “intends” or
derivations thereof and other expressions which are predictions of
or indicate future events, trends or prospects, and which do not
relate to historical matters, identify the above mentioned and
other forward-looking statements. Forward-looking statements in
this news release include statements regarding the expected
consummation of the redemption on the redemption date. Although
Brookfield Infrastructure believes that these forward-looking
statements and information are based upon reasonable assumptions
and expectations, the reader should not place undue reliance on
them, or any other forward-looking statements or information in
this news release. The future performance and prospects of
Brookfield Infrastructure are subject to a number of known and
unknown risks and uncertainties. Factors that could cause actual
results of Brookfield Infrastructure to differ materially from
those contemplated or implied by the statements in this news
release are described in the documents filed by Brookfield
Infrastructure with the securities regulators in Canada and the
United States including under “Risk Factors” in Brookfield
Infrastructure’s most recent Annual Report on Form 20-F and other
risks and factors that are described therein. Except as required by
law, Brookfield Infrastructure undertakes no obligation to publicly
update or revise any forward-looking statements or information,
whether as a result of new information, future events or
otherwise.
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